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$413,498$405,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$2,434.44$2,804.14
2nd payment$0.00$0.00
Taxes / mo$261.50$261.50
Insurance / mo$150.00$150.00
MI / mo$312.98$81.00
HOA / mo$400.00$400.00
Total monthly$3,558.91$3,696.64
Cash to close$36,502$45,000