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$649,285$566,100
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.870%7.400%
Blended rate3.720%7.640%
1st payment$3,042.21$3,919.56
2nd payment$0.00$0.00
Taxes / mo$524.17$524.17
Insurance / mo$166.67$166.67
MI / mo$519.72$113.22
HOA / mo$392.00$392.00
Total monthly$4,644.76$5,115.62
Cash to close$0$62,900