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$503,412$495,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$3,221.01$3,400.31
2nd payment$0.00$0.00
Taxes / mo$100.17$100.17
Insurance / mo$166.67$166.67
MI / mo$233.57$99.00
HOA / mo$11.42$11.42
Total monthly$3,732.83$3,777.56
Cash to close$46,588$55,000