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$172,770$172,770$351,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$178,230$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.203%7.640%
1st payment$895.53$895.53$2,430.25
2nd payment$0.00$1,188.20$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$141.26$141.26$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,511.79$2,700.00$2,975.45
Cash to close$217,230$39,000$39,000