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$25,291$25,291$665,100
Remaining term (yrs)2.22.230.0
Secondary amount$0$639,809$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.560%7.743%7.640%
1st payment$978.30$978.30$4,605.02
2nd payment$0.00$4,132.10$0.00
Taxes / mo$615.83$615.83$615.83
Insurance / mo$216.67$216.67$216.67
MI / mo$107.28$107.28$133.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,918.08$6,050.19$5,570.54
Cash to close$713,709$73,900$73,900