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$599,911$599,911$607,499
Remaining term (yrs)27.627.630.0
Secondary amount$0$41,338$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.698%7.640%
1st payment$4,033.90$4,033.90$4,206.20
2nd payment$0.00$409.08$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$281.87$281.87$121.50
HOA / mo$289.00$289.00$289.00
Total monthly$5,333.94$5,743.02$5,345.87
Cash to close$75,088$33,750$67,500