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$18,628$18,628$832,500
Remaining term (yrs)1.51.530.0
Secondary amount$0$813,872$0
Funding fee$0$0$0
Note rate7.160%7.160%7.400%
Blended rate8.010%7.756%7.640%
1st payment$990.86$990.86$5,764.06
2nd payment$0.00$5,256.26$0.00
Taxes / mo$770.83$770.83$770.83
Insurance / mo$216.67$216.67$216.67
MI / mo$103.81$103.81$166.50
HOA / mo$281.00$281.00$281.00
Total monthly$2,363.17$7,619.43$7,199.06
Cash to close$906,372$92,500$92,500