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$52,534$52,534$427,500
Remaining term (yrs)2.92.930.0
Secondary amount$0$374,966$0
Funding fee$0$0$0
Note rate3.270%3.270%7.400%
Blended rate4.120%7.304%7.640%
1st payment$1,534.01$1,534.01$2,959.92
2nd payment$0.00$2,421.66$0.00
Taxes / mo$286.17$286.17$286.17
Insurance / mo$166.67$166.67$166.67
MI / mo$154.42$154.42$85.50
HOA / mo$220.00$220.00$220.00
Total monthly$2,361.27$4,782.92$3,718.26
Cash to close$422,466$47,500$47,500