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$36,324$36,324$657,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$620,676$0
Funding fee$0$0$0
Note rate6.200%6.200%7.320%
Blended rate6.750%7.695%7.560%
1st payment$233.78$233.78$4,513.13
2nd payment$0.00$4,008.54$0.00
Taxes / mo$608.33$608.33$608.33
Insurance / mo$216.67$216.67$216.67
MI / mo$17.07$17.07$131.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,075.85$5,084.39$5,469.53
Cash to close$693,676$73,000$73,000