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$1,031,546$1,031,546$1,214,998
Remaining term (yrs)27.227.230.0
Secondary amount$0$183,452$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.864%7.640%
1st payment$7,262.85$7,262.85$8,412.40
2nd payment$0.00$1,223.01$0.00
Taxes / mo$1,125.00$1,125.00$1,125.00
Insurance / mo$216.67$216.67$216.67
MI / mo$486.03$486.03$243.00
HOA / mo$0.00$0.00$0.00
Total monthly$9,090.55$10,313.56$9,997.07
Cash to close$318,452$135,000$135,000