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$27,400$27,400$1,345,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$1,318,100$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.743%7.640%
1st payment$197.78$197.78$9,315.97
2nd payment$0.00$8,512.73$0.00
Taxes / mo$232.08$232.08$232.08
Insurance / mo$216.67$216.67$216.67
MI / mo$12.78$12.78$269.10
HOA / mo$0.00$0.00$0.00
Total monthly$659.31$9,172.04$10,033.82
Cash to close$1,467,600$149,500$149,500