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$642,054$642,054$697,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$55,446$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate6.740%6.920%7.640%
1st payment$4,014.18$4,014.18$4,829.35
2nd payment$0.00$415.85$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$479.90$479.90$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,356.57$5,772.42$5,831.35
Cash to close$132,946$77,500$77,500