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$420,627$420,627$499,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$78,873$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%4.832%7.640%
1st payment$2,118.92$2,118.92$3,458.44
2nd payment$0.00$591.55$0.00
Taxes / mo$462.50$462.50$462.50
Insurance / mo$166.67$166.67$166.67
MI / mo$347.06$347.06$99.90
HOA / mo$383.00$383.00$383.00
Total monthly$3,478.14$4,069.69$4,570.50
Cash to close$134,373$55,500$55,500