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$271,125$271,125$508,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$237,375$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%5.793%7.560%
1st payment$1,360.46$1,360.46$3,493.04
2nd payment$0.00$1,533.04$0.00
Taxes / mo$255.17$255.17$255.17
Insurance / mo$166.67$166.67$166.67
MI / mo$221.98$221.98$101.70
HOA / mo$150.00$150.00$150.00
Total monthly$2,154.27$3,687.32$4,166.58
Cash to close$293,875$56,500$56,500