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$110,593$110,593$1,575,000
Remaining term (yrs)29.829.830.0
Secondary amount$0$1,464,407$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.701%7.640%
1st payment$699.66$699.66$10,904.98
2nd payment$0.00$9,457.63$0.00
Taxes / mo$1,458.33$1,458.33$1,458.33
Insurance / mo$216.67$216.67$216.67
MI / mo$50.73$50.73$315.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,425.39$11,883.02$12,894.98
Cash to close$1,639,407$175,000$175,000