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$508,297$490,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.500%7.320%
Blended rate5.050%7.560%
1st payment$2,643.90$3,369.39
2nd payment$0.00$0.00
Taxes / mo$570.92$570.92
Insurance / mo$166.67$166.67
MI / mo$239.16$98.10
HOA / mo$50.00$50.00
Total monthly$3,670.64$4,255.08
Cash to close$36,703$54,500