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$507,687$481,410
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.920%7.400%
Blended rate4.470%7.640%
1st payment$2,611.88$3,333.19
2nd payment$0.00$0.00
Taxes / mo$445.75$445.75
Insurance / mo$166.67$166.67
MI / mo$248.67$96.28
HOA / mo$970.00$970.00
Total monthly$4,442.96$5,011.88
Cash to close$27,213$53,490