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$92,960$92,960$809,100
Remaining term (yrs)6.66.630.0
Secondary amount$0$716,140$0
Funding fee$0$0$0
Note rate5.790%5.790%7.400%
Blended rate6.640%7.622%7.640%
1st payment$1,389.22$1,389.22$5,602.04
2nd payment$0.00$4,625.07$0.00
Taxes / mo$277.25$277.25$277.25
Insurance / mo$216.67$216.67$216.67
MI / mo$167.89$167.89$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,051.03$6,676.10$6,257.78
Cash to close$806,040$89,900$89,900