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$11,157$11,157$16,200,000
Remaining term (yrs)2.02.030.0
Secondary amount$0$16,188,843$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.570%7.750%7.560%
1st payment$462.32$462.32$111,282.76
2nd payment$0.00$104,552.94$0.00
Taxes / mo$15,000.00$15,000.00$15,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$50.65$50.65$3,240.00
HOA / mo$0.00$0.00$0.00
Total monthly$15,729.64$120,282.58$129,739.43
Cash to close$17,988,843$1,800,000$1,800,000