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$491,000$481,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$2,487.55$3,333.81
2nd payment$0.00$0.00
Taxes / mo$445.83$445.83
Insurance / mo$166.67$166.67
MI / mo$380.00$96.30
HOA / mo$179.00$179.00
Total monthly$3,659.05$4,221.61
Cash to close$44,000$53,500