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$655,523$655,523$765,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$109,477$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.392%7.640%
1st payment$4,361.08$4,361.08$5,296.71
2nd payment$0.00$729.85$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$308.49$308.49$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,594.58$6,324.42$6,374.71
Cash to close$194,477$85,000$85,000