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$662,031$662,031$809,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$147,879$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.330%7.640%
1st payment$4,308.74$4,308.74$5,607.65
2nd payment$0.00$985.86$0.00
Taxes / mo$749.92$749.92$749.92
Insurance / mo$216.67$216.67$216.67
MI / mo$308.26$308.26$161.98
HOA / mo$0.00$0.00$0.00
Total monthly$5,583.59$6,569.45$6,736.22
Cash to close$237,869$89,990$89,990