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$176,144$176,144$211,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,356$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%4.894%7.640%
1st payment$842.90$842.90$1,464.38
2nd payment$0.00$265.17$0.00
Taxes / mo$275.67$275.67$275.67
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,406.28$1,671.44$1,932.35
Cash to close$58,856$23,500$23,500