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$593,569$593,569$666,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$72,431$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.458%7.560%
1st payment$3,879.63$3,879.63$4,574.96
2nd payment$0.00$543.23$0.00
Taxes / mo$616.67$616.67$616.67
Insurance / mo$216.67$216.67$216.67
MI / mo$275.00$275.00$133.20
HOA / mo$603.00$603.00$603.00
Total monthly$5,590.96$6,134.20$6,144.49
Cash to close$146,431$74,000$74,000