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$1,212,631$1,212,631$1,417,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$204,869$0
Funding fee$0$0$0
Note rate0.000%0.000%7.320%
Blended rate0.550%1.591%7.560%
1st payment$3,368.42$3,368.42$9,737.24
2nd payment$0.00$1,323.11$0.00
Taxes / mo$1,312.50$1,312.50$1,312.50
Insurance / mo$216.67$216.67$216.67
MI / mo$555.79$555.79$283.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,453.38$6,776.49$11,549.91
Cash to close$362,369$157,500$157,500