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$400,688$382,500
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.810%7.400%
Blended rate3.660%7.640%
1st payment$1,882.52$2,648.35
2nd payment$0.00$0.00
Taxes / mo$225.17$225.17
Insurance / mo$150.00$150.00
MI / mo$324.10$76.50
HOA / mo$225.00$225.00
Total monthly$2,806.79$3,325.02
Cash to close$24,312$42,500