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$247,741$247,741$900,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$652,259$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.623%7.560%
1st payment$1,648.18$1,648.18$6,182.38
2nd payment$0.00$4,212.50$0.00
Taxes / mo$490.83$490.83$490.83
Insurance / mo$216.67$216.67$216.67
MI / mo$116.59$116.59$180.00
HOA / mo$76.67$76.67$76.67
Total monthly$2,548.94$6,761.44$7,146.55
Cash to close$752,259$100,000$100,000