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$1,019,972$1,019,972$1,493,550
Remaining term (yrs)28.928.930.0
Secondary amount$0$473,578$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.436%7.640%
1st payment$6,680.07$6,680.07$10,341.04
2nd payment$0.00$3,058.52$0.00
Taxes / mo$1,382.92$1,382.92$1,382.92
Insurance / mo$216.67$216.67$216.67
MI / mo$472.53$472.53$298.71
HOA / mo$0.00$0.00$0.00
Total monthly$8,752.19$11,810.71$12,239.33
Cash to close$639,528$165,950$165,950