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$690,971$666,000
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.940%7.400%
Blended rate3.790%7.640%
1st payment$3,269.94$4,611.25
2nd payment$0.00$0.00
Taxes / mo$616.67$616.67
Insurance / mo$216.67$216.67
MI / mo$553.62$133.20
HOA / mo$265.00$265.00
Total monthly$4,921.90$5,842.78
Cash to close$49,029$74,000