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$7,665$7,665$675,000
Remaining term (yrs)0.50.530.0
Secondary amount$0$667,335$0
Funding fee$0$0$0
Note rate7.840%7.840%7.400%
Blended rate8.690%7.761%7.640%
1st payment$986.50$986.50$4,673.56
2nd payment$0.00$4,309.87$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$96.70$96.70$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,924.86$6,234.74$5,650.23
Cash to close$742,335$75,000$75,000