Dan Frey Home Loans
Call Dan

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$405,145$382,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$2,398.53$2,648.35
2nd payment$0.00$0.00
Taxes / mo$228.75$228.75
Insurance / mo$150.00$150.00
MI / mo$305.95$76.50
HOA / mo$20.00$20.00
Total monthly$3,103.23$3,123.60
Cash to close$19,855$42,500