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$1,439,848$1,439,848$1,512,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$72,152$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.324%7.640%
1st payment$9,464.62$9,464.62$10,468.78
2nd payment$0.00$541.14$0.00
Taxes / mo$53.50$53.50$53.50
Insurance / mo$216.67$216.67$216.67
MI / mo$672.95$672.95$302.40
HOA / mo$125.00$125.00$125.00
Total monthly$10,532.74$11,073.88$11,166.35
Cash to close$240,152$168,000$168,000