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$822,577$822,577$900,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$77,423$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.212%7.560%
1st payment$4,772.08$4,772.08$6,182.38
2nd payment$0.00$580.67$0.00
Taxes / mo$833.33$833.33$833.33
Insurance / mo$216.67$216.67$216.67
MI / mo$622.57$622.57$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,444.65$7,025.32$7,412.38
Cash to close$177,423$100,000$100,000