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$591,640$591,640$1,080,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$488,360$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.558%7.640%
1st payment$3,921.32$3,921.32$7,477.70
2nd payment$0.00$3,153.99$0.00
Taxes / mo$760.00$760.00$760.00
Insurance / mo$216.67$216.67$216.67
MI / mo$274.28$274.28$216.00
HOA / mo$55.00$55.00$55.00
Total monthly$5,227.27$8,381.26$8,725.37
Cash to close$608,360$120,000$120,000