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$600,954$494,100
Remaining term (yrs)24.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.710%7.400%
Blended rate3.560%7.640%
1st payment$2,826.63$3,421.05
2nd payment$0.00$0.00
Taxes / mo$161.33$161.33
Insurance / mo$166.67$166.67
MI / mo$493.00$98.82
HOA / mo$13.33$13.33
Total monthly$3,660.96$3,861.20
Cash to close$0$54,900