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$61,519$61,519$765,000
Remaining term (yrs)7.27.230.0
Secondary amount$0$703,481$0
Funding fee$0$0$0
Note rate6.020%6.020%7.400%
Blended rate6.870%7.679%7.640%
1st payment$866.44$866.44$5,296.71
2nd payment$0.00$4,543.31$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$102.15$102.15$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,893.58$6,436.89$6,374.71
Cash to close$788,481$85,000$85,000