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$352,514$352,514$1,170,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$817,486$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%6.674%7.640%
1st payment$1,791.44$1,791.44$8,100.84
2nd payment$0.00$5,279.60$0.00
Taxes / mo$1,083.33$1,083.33$1,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$288.65$288.65$234.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,380.09$8,659.69$9,634.84
Cash to close$947,486$130,000$130,000