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$517,591$504,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.670%7.400%
Blended rate5.520%7.640%
1st payment$2,887.08$3,489.59
2nd payment$0.00$0.00
Taxes / mo$345.25$345.25
Insurance / mo$166.67$166.67
MI / mo$395.68$100.80
HOA / mo$28.75$28.75
Total monthly$3,823.43$4,131.06
Cash to close$42,409$56,000