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$1,056,096$1,056,096$1,060,425
Remaining term (yrs)27.927.930.0
Secondary amount$0$63,242$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.294%7.640%
1st payment$6,805.52$6,805.52$7,342.17
2nd payment$0.00$625.83$0.00
Taxes / mo$981.88$981.88$981.88
Insurance / mo$216.67$216.67$216.67
MI / mo$495.03$495.03$212.09
HOA / mo$0.00$0.00$0.00
Total monthly$8,499.10$9,124.93$8,752.80
Cash to close$122,154$58,913$117,825