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$786,371$786,371$1,079,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$292,729$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate7.120%7.291%7.640%
1st payment$5,083.02$5,083.02$7,471.47
2nd payment$0.00$1,890.54$0.00
Taxes / mo$999.17$999.17$999.17
Insurance / mo$216.67$216.67$216.67
MI / mo$583.53$583.53$215.82
HOA / mo$0.00$0.00$0.00
Total monthly$6,882.38$8,772.92$8,903.12
Cash to close$412,629$119,900$119,900