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$835,240$835,240$1,170,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$334,760$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.172%7.560%
1st payment$5,435.97$5,435.97$8,037.09
2nd payment$0.00$2,161.99$0.00
Taxes / mo$1,083.33$1,083.33$1,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$398.73$398.73$234.00
HOA / mo$0.00$0.00$0.00
Total monthly$7,134.70$9,296.69$9,571.09
Cash to close$464,760$130,000$130,000