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$0$0$337,500
Remaining term (yrs)——30.0
Secondary amount$0$337,500$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.750%7.640%
1st payment$0.00$0.00$2,336.78
2nd payment$0.00$2,179.69$0.00
Taxes / mo$169.50$169.50$169.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$319.50$2,499.19$2,723.78
Cash to close$375,000$37,500$37,500