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$706,839$706,839$719,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$52,211$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.383%7.640%
1st payment$3,344.56$3,344.56$4,978.90
2nd payment$0.00$516.67$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$563.36$563.36$143.82
HOA / mo$210.00$210.00$210.00
Total monthly$5,000.42$5,517.09$6,215.22
Cash to close$92,161$39,950$79,900