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$18,696$18,696$719,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$701,303$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.732%7.640%
1st payment$126.07$126.07$4,985.13
2nd payment$0.00$4,529.25$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$8.69$8.69$144.00
HOA / mo$90.00$90.00$90.00
Total monthly$1,108.09$5,637.34$6,102.46
Cash to close$781,303$80,000$80,000