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$658,475$658,475$810,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$151,525$0
Funding fee$0$0$0
Note rate5.750%5.750%7.400%
Blended rate6.300%6.618%7.640%
1st payment$4,038.32$4,038.32$5,608.28
2nd payment$0.00$1,010.17$0.00
Taxes / mo$482.25$482.25$482.25
Insurance / mo$216.67$216.67$216.67
MI / mo$317.17$317.17$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,054.41$6,064.57$6,469.19
Cash to close$241,525$90,000$90,000