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$418,746$405,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.300%7.400%
Blended rate6.850%7.640%
1st payment$2,617.11$2,804.14
2nd payment$0.00$0.00
Taxes / mo$199.25$199.25
Insurance / mo$150.00$150.00
MI / mo$193.79$81.00
HOA / mo$85.00$85.00
Total monthly$3,245.15$3,319.39
Cash to close$31,254$45,000