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$625,516$585,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.000%7.320%
Blended rate4.850%7.560%
1st payment$3,257.93$4,018.54
2nd payment$0.00$0.00
Taxes / mo$307.08$307.08
Insurance / mo$166.67$166.67
MI / mo$483.37$117.00
HOA / mo$6.67$6.67
Total monthly$4,221.73$4,615.96
Cash to close$24,484$65,000