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$9,245$9,245$585,000
Remaining term (yrs)0.70.730.0
Secondary amount$0$575,755$0
Funding fee$0$0$0
Note rate7.720%7.720%7.400%
Blended rate8.570%7.763%7.640%
1st payment$957.57$957.57$4,050.42
2nd payment$0.00$3,718.41$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$94.95$94.95$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,760.86$5,479.27$4,875.76
Cash to close$640,755$65,000$65,000