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$181,637$181,637$358,200
Remaining term (yrs)23.223.230.0
Secondary amount$0$176,563$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.200%7.640%
1st payment$959.78$959.78$2,480.10
2nd payment$0.00$1,177.09$0.00
Taxes / mo$313.50$313.50$313.50
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$71.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,572.81$2,749.90$3,015.24
Cash to close$216,363$39,800$39,800