Dan Frey Home Loans
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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
Current Market Conventional
New · Conventional
Loan amount$499,308$490,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,227.22$3,396.12
2nd payment$0.00$0.00
Taxes / mo$325.15$325.15
Insurance / mo$166.67$166.67
MI / mo$234.02$98.10
HOA / mo$70.00$70.00
Total monthly$4,023.05$4,056.04
Cash to close$45,692$54,500