Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$588,237$588,237$674,955
Remaining term (yrs)0.80.830.0
Secondary amount$0$86,718$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.301%7.560%
1st payment$55,229.71$55,229.71$4,636.47
2nd payment$0.00$650.39$0.00
Taxes / mo$624.96$624.96$624.96
Insurance / mo$216.67$216.67$216.67
MI / mo$293.33$293.33$134.99
HOA / mo$620.00$620.00$620.00
Total monthly$56,984.67$57,635.05$6,233.09
Cash to close$161,713$74,995$74,995