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$338,333$338,333$1,125,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$786,667$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.779%7.640%
1st payment$2,341.46$2,341.46$7,789.27
2nd payment$0.00$5,080.56$0.00
Taxes / mo$1,041.67$1,041.67$1,041.67
Insurance / mo$216.67$216.67$216.67
MI / mo$361.66$361.66$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,961.46$9,042.01$9,272.61
Cash to close$911,667$125,000$125,000