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$1,113,921$1,113,921$1,313,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$199,179$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.508%7.640%
1st payment$7,482.55$7,482.55$9,091.64
2nd payment$0.00$1,327.86$0.00
Taxes / mo$1,215.83$1,215.83$1,215.83
Insurance / mo$216.67$216.67$216.67
MI / mo$522.32$522.32$262.62
HOA / mo$0.00$0.00$0.00
Total monthly$9,437.37$10,765.23$10,786.76
Cash to close$345,079$145,900$145,900