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$366,120$366,120$553,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$187,380$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.407%7.640%
1st payment$1,837.12$1,837.12$3,832.32
2nd payment$0.00$1,249.20$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$299.76$299.76$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,816.05$4,065.25$4,622.19
Cash to close$248,880$61,500$61,500