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$396,412$391,500
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.140%7.400%
Blended rate3.990%7.640%
1st payment$1,896.38$2,710.67
2nd payment$0.00$0.00
Taxes / mo$334.17$334.17
Insurance / mo$150.00$150.00
MI / mo$312.98$78.30
HOA / mo$105.00$105.00
Total monthly$2,798.52$3,378.13
Cash to close$38,588$43,500