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$417,609$405,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,653.47$2,804.14
2nd payment$0.00$0.00
Taxes / mo$247.33$247.33
Insurance / mo$150.00$150.00
MI / mo$200.26$81.00
HOA / mo$25.00$25.00
Total monthly$3,276.07$3,307.47
Cash to close$32,391$45,000