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$633,737$633,737$630,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$31,263$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.277%7.640%
1st payment$4,096.09$4,096.09$4,361.99
2nd payment$0.00$309.38$0.00
Taxes / mo$347.33$347.33$347.33
Insurance / mo$166.67$166.67$166.67
MI / mo$297.02$297.02$126.00
HOA / mo$85.00$85.00$85.00
Total monthly$4,992.11$5,301.48$5,086.99
Cash to close$66,263$35,000$70,000