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$1,059,328$1,059,328$1,214,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$154,772$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%6.840%7.560%
1st payment$6,730.94$6,730.94$8,340.02
2nd payment$0.00$1,031.81$0.00
Taxes / mo$1,124.17$1,124.17$1,124.17
Insurance / mo$216.67$216.67$216.67
MI / mo$508.00$508.00$242.82
HOA / mo$0.00$0.00$0.00
Total monthly$8,579.77$9,611.58$9,923.68
Cash to close$289,672$134,900$134,900