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$479,652$472,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.500%7.400%
Blended rate6.050%7.640%
1st payment$2,763.84$3,271.49
2nd payment$0.00$0.00
Taxes / mo$557.67$557.67
Insurance / mo$166.67$166.67
MI / mo$223.10$94.50
HOA / mo$96.67$96.67
Total monthly$3,807.95$4,187.00
Cash to close$45,348$52,500