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$479,432$462,600
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.900%7.320%
Blended rate3.750%7.560%
1st payment$2,264.15$3,177.74
2nd payment$0.00$0.00
Taxes / mo$325.75$325.75
Insurance / mo$166.67$166.67
MI / mo$385.31$92.52
HOA / mo$120.00$120.00
Total monthly$3,261.87$3,882.68
Cash to close$34,568$51,400