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$23,630$23,630$714,600
Remaining term (yrs)27.927.930.0
Secondary amount$0$690,970$0
Funding fee$0$0$0
Note rate6.750%6.750%7.320%
Blended rate7.300%7.735%7.560%
1st payment$156.72$156.72$4,908.81
2nd payment$0.00$4,462.52$0.00
Taxes / mo$661.67$661.67$661.67
Insurance / mo$216.67$216.67$216.67
MI / mo$10.96$10.96$142.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,046.01$5,508.52$5,930.06
Cash to close$770,370$79,400$79,400