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$21,014$21,014$656,100
Remaining term (yrs)37.837.830.0
Secondary amount$0$635,086$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.742%7.640%
1st payment$131.18$131.18$4,542.70
2nd payment$0.00$4,101.60$0.00
Taxes / mo$607.50$607.50$607.50
Insurance / mo$216.67$216.67$216.67
MI / mo$9.73$9.73$131.22
HOA / mo$0.00$0.00$0.00
Total monthly$965.08$5,066.68$5,498.09
Cash to close$707,986$72,900$72,900