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$655,537$655,537$665,999
Remaining term (yrs)28.828.830.0
Secondary amount$0$47,462$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.581%7.640%
1st payment$4,288.68$4,288.68$4,611.24
2nd payment$0.00$469.67$0.00
Taxes / mo$616.67$616.67$616.67
Insurance / mo$216.67$216.67$216.67
MI / mo$303.99$303.99$133.20
HOA / mo$0.00$0.00$0.00
Total monthly$5,426.01$5,895.68$5,577.78
Cash to close$84,462$37,000$74,000