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$618,519$618,519$702,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$83,481$0
Funding fee$0$0$0
Note rate7.500%7.500%7.320%
Blended rate8.050%8.163%7.560%
1st payment$4,445.27$4,445.27$4,822.25
2nd payment$0.00$626.10$0.00
Taxes / mo$765.25$765.25$765.25
Insurance / mo$216.67$216.67$216.67
MI / mo$291.39$291.39$140.40
HOA / mo$60.00$60.00$60.00
Total monthly$5,778.57$6,404.68$6,004.57
Cash to close$161,481$78,000$78,000