Dan Frey Home Loans
Call Dan

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$1,072,918$1,072,918$1,125,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$52,082$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.560%7.640%
1st payment$7,277.88$7,277.88$7,789.27
2nd payment$0.00$390.61$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$504.43$504.43$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$9,040.64$9,431.26$9,272.61
Cash to close$177,082$125,000$125,000