Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$1,147,424$1,147,424$1,170,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$87,576$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.597%7.560%
1st payment$7,618.72$7,618.72$8,037.09
2nd payment$0.00$866.64$0.00
Taxes / mo$1,083.33$1,083.33$1,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$540.04$540.04$234.00
HOA / mo$0.00$0.00$0.00
Total monthly$9,458.76$10,325.40$9,571.09
Cash to close$152,576$65,000$130,000