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$29,827$29,827$639,000
Remaining term (yrs)22.322.330.0
Secondary amount$0$609,173$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.734%7.640%
1st payment$217.25$217.25$4,424.31
2nd payment$0.00$3,934.24$0.00
Taxes / mo$684.00$684.00$684.00
Insurance / mo$216.67$216.67$216.67
MI / mo$14.06$14.06$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,131.98$5,066.22$5,452.77
Cash to close$680,173$71,000$71,000