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$589,547$562,500
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.660%7.640%
1st payment$3,597.74$3,894.64
2nd payment$0.00$0.00
Taxes / mo$520.83$520.83
Insurance / mo$166.67$166.67
MI / mo$271.82$112.50
HOA / mo$40.00$40.00
Total monthly$4,597.06$4,734.64
Cash to close$35,453$62,500