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$1,083,761$1,083,761$1,079,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$55,289$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.541%7.640%
1st payment$7,125.86$7,125.86$7,471.47
2nd payment$0.00$547.13$0.00
Taxes / mo$999.17$999.17$999.17
Insurance / mo$216.67$216.67$216.67
MI / mo$502.52$502.52$215.82
HOA / mo$0.00$0.00$0.00
Total monthly$8,844.21$9,391.34$8,903.12
Cash to close$115,239$59,950$119,900