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$411,737$409,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,679.69$2,835.30
2nd payment$0.00$0.00
Taxes / mo$164.00$164.00
Insurance / mo$166.67$166.67
MI / mo$196.56$81.90
HOA / mo$33.33$33.33
Total monthly$3,240.25$3,281.19
Cash to close$43,263$45,500