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$813,002$702,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.320%
Blended rate0.550%7.560%
1st payment$2,258.34$4,822.25
2nd payment$0.00$0.00
Taxes / mo$650.00$650.00
Insurance / mo$216.67$216.67
MI / mo$372.63$140.40
HOA / mo$0.00$0.00
Total monthly$3,497.63$5,829.32
Cash to close$0$78,000