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$2,842$2,842$657,000
Remaining term (yrs)0.10.130.0
Secondary amount$0$654,158$0
Funding fee$0$0$0
Note rate8.160%8.160%7.400%
Blended rate9.010%7.755%7.640%
1st payment$960.13$960.13$4,548.94
2nd payment$0.00$4,224.77$0.00
Taxes / mo$608.33$608.33$608.33
Insurance / mo$216.67$216.67$216.67
MI / mo$91.29$91.29$131.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,876.43$6,101.20$5,505.34
Cash to close$727,158$73,000$73,000