Dan Frey Home Loans
Call Dan

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$398,039$378,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.750%7.400%
Blended rate6.300%7.640%
1st payment$2,406.61$2,617.20
2nd payment$0.00$0.00
Taxes / mo$367.83$367.83
Insurance / mo$150.00$150.00
MI / mo$189.01$75.60
HOA / mo$0.00$0.00
Total monthly$3,113.45$3,210.63
Cash to close$21,961$42,000