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$497,736$495,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.620%7.320%
Blended rate7.170%7.560%
1st payment$3,236.20$3,400.31
2nd payment$0.00$0.00
Taxes / mo$166.42$166.42
Insurance / mo$166.67$166.67
MI / mo$231.77$99.00
HOA / mo$0.00$0.00
Total monthly$3,801.05$3,832.39
Cash to close$52,264$55,000