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$47,240$47,240$1,169,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$1,121,860$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.740%7.640%
1st payment$319.18$319.18$8,094.61
2nd payment$0.00$7,245.35$0.00
Taxes / mo$1,082.50$1,082.50$1,082.50
Insurance / mo$216.67$216.67$216.67
MI / mo$22.10$22.10$233.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,640.45$8,885.80$9,627.60
Cash to close$1,251,760$129,900$129,900