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$631,479$631,479$625,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$28,771$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%4.927%7.640%
1st payment$3,186.99$3,186.99$4,330.84
2nd payment$0.00$284.71$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$486.85$486.85$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,419.68$4,704.39$5,201.77
Cash to close$63,521$34,750$69,500