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$109,922$109,922$774,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$664,078$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.672%7.640%
1st payment$716.15$716.15$5,359.02
2nd payment$0.00$4,288.84$0.00
Taxes / mo$716.67$716.67$716.67
Insurance / mo$216.67$216.67$216.67
MI / mo$51.13$51.13$154.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,700.61$5,989.45$6,447.15
Cash to close$750,078$86,000$86,000