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$1,000,438$1,000,438$1,080,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$79,562$0
Funding fee$0$0$0
Note rate4.375%4.375%7.400%
Blended rate5.225%5.503%7.640%
1st payment$5,392.66$5,392.66$7,477.70
2nd payment$0.00$596.71$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$765.05$765.05$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,374.38$7,971.09$8,910.37
Cash to close$199,562$120,000$120,000