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$503,604$459,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.750%7.320%
Blended rate5.300%7.560%
1st payment$2,740.52$3,153.01
2nd payment$0.00$0.00
Taxes / mo$531.58$531.58
Insurance / mo$166.67$166.67
MI / mo$240.79$91.80
HOA / mo$150.00$150.00
Total monthly$3,829.56$4,093.06
Cash to close$6,396$51,000