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$30,141$30,141$718,650
Remaining term (yrs)2.62.630.0
Secondary amount$0$688,509$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.670%7.747%7.640%
1st payment$1,004.27$1,004.27$4,975.79
2nd payment$0.00$4,446.62$0.00
Taxes / mo$665.42$665.42$665.42
Insurance / mo$216.67$216.67$216.67
MI / mo$108.89$108.89$143.73
HOA / mo$0.00$0.00$0.00
Total monthly$1,995.24$6,441.87$6,001.60
Cash to close$768,359$79,850$79,850