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$23,112$23,112$688,500
Remaining term (yrs)2.12.130.0
Secondary amount$0$665,388$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.780%7.751%7.640%
1st payment$926.95$926.95$4,767.03
2nd payment$0.00$4,297.30$0.00
Taxes / mo$637.50$637.50$637.50
Insurance / mo$216.67$216.67$216.67
MI / mo$99.39$99.39$137.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,880.50$6,177.80$5,758.90
Cash to close$741,888$76,500$76,500