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$468,381$440,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.500%7.320%
Blended rate6.050%7.560%
1st payment$2,731.77$3,028.75
2nd payment$0.00$0.00
Taxes / mo$324.33$324.33
Insurance / mo$166.67$166.67
MI / mo$220.52$88.18
HOA / mo$66.00$66.00
Total monthly$3,509.28$3,673.93
Cash to close$21,519$48,990