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$562,781$562,781$604,800
Remaining term (yrs)26.326.330.0
Secondary amount$0$42,019$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.334%7.640%
1st payment$3,669.64$3,669.64$4,187.51
2nd payment$0.00$315.14$0.00
Taxes / mo$728.13$728.13$728.13
Insurance / mo$166.67$166.67$166.67
MI / mo$417.30$417.30$120.96
HOA / mo$120.00$120.00$120.00
Total monthly$5,101.73$5,416.87$5,323.26
Cash to close$109,219$67,200$67,200