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$12,866$12,866$598,500
Remaining term (yrs)21.521.530.0
Secondary amount$0$585,634$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.733%7.640%
1st payment$91.75$91.75$4,143.89
2nd payment$0.00$3,782.22$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$166.67$166.67$166.67
MI / mo$6.27$6.27$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$818.85$4,601.07$4,984.43
Cash to close$652,134$66,500$66,500