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$86,342$86,342$1,034,955
Remaining term (yrs)26.426.430.0
Secondary amount$0$948,613$0
Funding fee$0$0$0
Note rate6.100%6.100%7.320%
Blended rate6.650%7.658%7.560%
1st payment$547.54$547.54$7,109.42
2nd payment$0.00$6,126.46$0.00
Taxes / mo$958.29$958.29$958.29
Insurance / mo$216.67$216.67$216.67
MI / mo$39.82$39.82$206.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,762.31$7,888.77$8,491.37
Cash to close$1,063,608$114,995$114,995