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$20,986$20,986$1,485,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$1,464,014$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.743%7.640%
1st payment$138.64$138.64$10,281.84
2nd payment$0.00$9,455.09$0.00
Taxes / mo$333.92$333.92$333.92
Insurance / mo$216.67$216.67$216.67
MI / mo$9.72$9.72$297.00
HOA / mo$0.00$0.00$0.00
Total monthly$698.94$10,154.03$11,129.42
Cash to close$1,629,014$165,000$165,000