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$19,406$19,406$656,999
Remaining term (yrs)1.61.630.0
Secondary amount$0$637,593$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate8.020%7.758%7.640%
1st payment$986.04$986.04$4,548.93
2nd payment$0.00$4,117.79$0.00
Taxes / mo$608.33$608.33$608.33
Insurance / mo$216.67$216.67$216.67
MI / mo$103.20$103.20$131.40
HOA / mo$370.00$370.00$370.00
Total monthly$2,284.25$6,402.04$5,875.33
Cash to close$710,593$73,000$73,000