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$497,100$481,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.170%7.400%
Blended rate5.020%7.640%
1st payment$2,631.43$3,333.81
2nd payment$0.00$0.00
Taxes / mo$445.83$445.83
Insurance / mo$166.67$166.67
MI / mo$382.53$96.30
HOA / mo$0.00$0.00
Total monthly$3,626.46$4,042.61
Cash to close$37,900$53,500