Dan Frey Home Loans
Call Dan

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$657,643$657,643$683,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$25,457$0
Funding fee$0$0$0
Note rate5.560%5.560%7.400%
Blended rate6.410%6.507%7.640%
1st payment$3,979.04$3,979.04$4,729.65
2nd payment$0.00$190.92$0.00
Taxes / mo$407.33$407.33$407.33
Insurance / mo$216.67$216.67$216.67
MI / mo$493.12$493.12$136.62
HOA / mo$0.00$0.00$0.00
Total monthly$5,096.16$5,287.09$5,490.27
Cash to close$101,357$75,900$75,900