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$209,638$209,638$990,000
Remaining term (yrs)8.58.530.0
Secondary amount$0$780,362$0
Funding fee$0$0$0
Note rate4.830%4.830%7.400%
Blended rate5.680%7.312%7.640%
1st payment$2,470.99$2,470.99$6,854.56
2nd payment$0.00$5,039.84$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$332.45$332.45$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,936.78$8,976.61$8,185.89
Cash to close$890,362$110,000$110,000