Dan Frey Home Loans
Call Dan

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$1,025,135$1,025,135$1,079,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$54,864$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.007%7.640%
1st payment$6,653.82$6,653.82$7,477.70
2nd payment$0.00$411.48$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$490.11$490.11$216.00
HOA / mo$260.00$260.00$260.00
Total monthly$8,620.60$9,032.08$9,170.36
Cash to close$174,864$120,000$120,000