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$635,492$635,492$854,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$218,608$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.326%7.640%
1st payment$4,191.41$4,191.41$5,913.62
2nd payment$0.00$1,411.84$0.00
Taxes / mo$790.83$790.83$790.83
Insurance / mo$216.67$216.67$216.67
MI / mo$299.87$299.87$170.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,498.78$6,910.62$7,091.94
Cash to close$313,508$94,900$94,900