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$588,938$575,910
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,771.95$3,987.48
2nd payment$0.00$0.00
Taxes / mo$82.37$82.37
Insurance / mo$166.67$166.67
MI / mo$273.52$115.18
HOA / mo$54.17$54.17
Total monthly$4,348.67$4,405.87
Cash to close$50,962$63,990