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$400,779$400,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.890%7.320%
Blended rate4.740%7.560%
1st payment$2,063.02$2,751.16
2nd payment$0.00$0.00
Taxes / mo$285.50$285.50
Insurance / mo$150.00$150.00
MI / mo$310.19$80.10
HOA / mo$185.00$185.00
Total monthly$2,993.71$3,451.76
Cash to close$44,221$44,500