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$1,387,385$1,387,385$1,935,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$547,615$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.248%7.640%
1st payment$9,054.37$9,054.37$13,397.55
2nd payment$0.00$3,536.68$0.00
Taxes / mo$559.57$559.57$559.57
Insurance / mo$216.67$216.67$216.67
MI / mo$656.56$656.56$387.00
HOA / mo$0.00$0.00$0.00
Total monthly$10,487.17$14,023.85$14,560.78
Cash to close$762,615$215,000$215,000