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$617,735$617,735$854,998
Remaining term (yrs)27.427.430.0
Secondary amount$0$237,263$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.345%7.640%
1st payment$4,078.28$4,078.28$5,919.83
2nd payment$0.00$1,532.32$0.00
Taxes / mo$791.67$791.67$791.67
Insurance / mo$216.67$216.67$216.67
MI / mo$291.47$291.47$171.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,378.09$6,910.41$7,099.17
Cash to close$332,263$95,000$95,000