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$625,560$625,560$711,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$85,440$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.557%7.640%
1st payment$2,972.99$2,972.99$4,922.82
2nd payment$0.00$640.80$0.00
Taxes / mo$360.67$360.67$360.67
Insurance / mo$216.67$216.67$216.67
MI / mo$493.16$493.16$142.20
HOA / mo$2.75$2.75$2.75
Total monthly$4,046.23$4,687.03$5,645.10
Cash to close$164,440$79,000$79,000