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$593,890$593,890$629,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$35,210$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.159%7.640%
1st payment$4,077.31$4,077.31$4,355.76
2nd payment$0.00$264.08$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$276.77$276.77$125.82
HOA / mo$450.00$450.00$450.00
Total monthly$5,553.24$5,817.32$5,680.75
Cash to close$105,110$69,900$69,900