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$516,492$504,000
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.940%7.400%
Blended rate3.790%7.640%
1st payment$2,444.24$3,489.59
2nd payment$0.00$0.00
Taxes / mo$472.67$472.67
Insurance / mo$166.67$166.67
MI / mo$413.82$100.80
HOA / mo$100.00$100.00
Total monthly$3,597.40$4,329.73
Cash to close$43,508$56,000