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$591,209$591,209$638,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$46,891$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%6.980%7.560%
1st payment$3,816.81$3,816.81$4,383.30
2nd payment$0.00$351.68$0.00
Taxes / mo$590.83$590.83$590.83
Insurance / mo$216.67$216.67$216.67
MI / mo$283.52$283.52$127.62
HOA / mo$0.00$0.00$0.00
Total monthly$4,907.83$5,259.51$5,318.42
Cash to close$117,791$70,900$70,900