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$655,757$655,757$719,999
Remaining term (yrs)26.726.730.0
Secondary amount$0$64,242$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.087%7.560%
1st payment$4,246.20$4,246.20$4,945.89
2nd payment$0.00$481.82$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$312.77$312.77$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,442.31$5,924.13$5,973.23
Cash to close$144,242$80,000$80,000