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$10,720$10,720$539,100
Remaining term (yrs)1.31.330.0
Secondary amount$0$528,380$0
Funding fee$0$0$0
Note rate7.670%7.670%7.320%
Blended rate8.520%7.765%7.560%
1st payment$632.39$632.39$3,703.24
2nd payment$0.00$3,412.45$0.00
Taxes / mo$243.00$243.00$243.00
Insurance / mo$166.67$166.67$166.67
MI / mo$63.01$63.01$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,105.07$4,517.52$4,220.73
Cash to close$588,280$59,900$59,900