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$31,291$31,291$1,147,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$1,116,209$0
Funding fee$0$0$0
Note rate7.170%7.170%7.320%
Blended rate7.720%7.749%7.560%
1st payment$222.23$222.23$7,882.53
2nd payment$0.00$7,208.85$0.00
Taxes / mo$1,062.50$1,062.50$1,062.50
Insurance / mo$216.67$216.67$216.67
MI / mo$14.74$14.74$229.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,516.14$8,724.99$9,391.20
Cash to close$1,243,709$127,500$127,500