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$504,613$475,200
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.900%7.400%
Blended rate6.450%7.640%
1st payment$3,047.74$3,290.19
2nd payment$0.00$0.00
Taxes / mo$370.50$370.50
Insurance / mo$166.67$166.67
MI / mo$235.51$95.04
HOA / mo$30.42$30.42
Total monthly$3,850.83$3,952.82
Cash to close$23,387$52,800