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$28,390$28,390$787,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$759,110$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.730%7.640%
1st payment$187.21$187.21$5,452.49
2nd payment$0.00$4,902.59$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$13.22$13.22$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,146.27$6,048.86$6,555.82
Cash to close$846,610$87,500$87,500