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$15,860$15,860$809,955
Remaining term (yrs)1.41.430.0
Secondary amount$0$794,095$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.840%7.752%7.640%
1st payment$930.69$930.69$5,607.96
2nd payment$0.00$5,128.53$0.00
Taxes / mo$749.96$749.96$749.96
Insurance / mo$216.67$216.67$216.67
MI / mo$99.19$99.19$161.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,996.50$7,125.03$6,736.58
Cash to close$884,090$89,995$89,995