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$685,132$685,132$701,999
Remaining term (yrs)26.726.730.0
Secondary amount$0$55,867$0
Funding fee$0$0$0
Note rate6.570%6.570%7.400%
Blended rate7.120%7.478%7.640%
1st payment$4,532.31$4,532.31$4,860.50
2nd payment$0.00$552.85$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$326.27$326.27$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$5,725.25$6,278.10$5,867.57
Cash to close$94,867$39,000$78,000