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$47,639$47,639$625,500
Remaining term (yrs)5.85.830.0
Secondary amount$0$577,861$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.390%7.723%7.640%
1st payment$810.94$810.94$4,330.84
2nd payment$0.00$3,732.02$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$90.50$90.50$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,647.27$5,379.29$5,201.77
Cash to close$647,361$69,500$69,500