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$408,310$404,100
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,665.51$2,797.91
2nd payment$0.00$0.00
Taxes / mo$392.33$392.33
Insurance / mo$150.00$150.00
MI / mo$189.91$80.82
HOA / mo$5.75$5.75
Total monthly$3,403.50$3,426.81
Cash to close$40,690$44,900