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$1,079,424$1,079,424$1,161,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$81,576$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%5.039%7.640%
1st payment$5,535.37$5,535.37$8,038.53
2nd payment$0.00$611.82$0.00
Taxes / mo$1,075.00$1,075.00$1,075.00
Insurance / mo$216.67$216.67$216.67
MI / mo$832.29$832.29$232.20
HOA / mo$980.00$980.00$980.00
Total monthly$8,639.33$9,251.15$10,542.40
Cash to close$210,576$129,000$129,000