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$50,405$50,405$979,200
Remaining term (yrs)26.126.130.0
Secondary amount$0$928,795$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.694%7.640%
1st payment$321.90$321.90$6,779.78
2nd payment$0.00$5,998.47$0.00
Taxes / mo$906.67$906.67$906.67
Insurance / mo$216.67$216.67$216.67
MI / mo$23.69$23.69$195.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,468.92$7,467.39$8,098.96
Cash to close$1,037,595$108,800$108,800