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$588,162$588,162$674,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$85,938$0
Funding fee$0$0$0
Note rate5.700%5.700%7.320%
Blended rate6.550%6.862%7.560%
1st payment$3,618.79$3,618.79$4,630.60
2nd payment$0.00$644.54$0.00
Taxes / mo$624.17$624.17$624.17
Insurance / mo$216.67$216.67$216.67
MI / mo$441.64$441.64$134.82
HOA / mo$164.00$164.00$164.00
Total monthly$5,065.26$5,709.80$5,770.25
Cash to close$160,838$74,900$74,900