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$620,388$603,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.240%
Blended rate6.100%7.480%
1st payment$3,659.86$4,109.43
2nd payment$0.00$0.00
Taxes / mo$558.33$558.33
Insurance / mo$166.67$166.67
MI / mo$469.46$120.60
HOA / mo$0.00$0.00
Total monthly$4,854.33$4,955.03
Cash to close$49,612$67,000