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$873,481$873,481$898,200
Remaining term (yrs)27.427.430.0
Secondary amount$0$74,619$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.725%7.560%
1st payment$5,862.57$5,862.57$6,170.01
2nd payment$0.00$738.42$0.00
Taxes / mo$831.67$831.67$831.67
Insurance / mo$216.67$216.67$216.67
MI / mo$411.32$411.32$179.64
HOA / mo$0.00$0.00$0.00
Total monthly$7,322.22$8,060.64$7,397.98
Cash to close$124,519$49,900$99,800