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$220,154$220,154$355,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$135,346$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.802%7.560%
1st payment$1,160.66$1,160.66$2,442.04
2nd payment$0.00$902.30$0.00
Taxes / mo$440.00$440.00$440.00
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,931.49$2,833.80$3,103.14
Cash to close$174,846$39,500$39,500