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$399,606$386,910
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.240%
Blended rate6.770%7.480%
1st payment$2,462.12$2,636.78
2nd payment$0.00$0.00
Taxes / mo$115.50$115.50
Insurance / mo$150.00$150.00
MI / mo$183.86$77.38
HOA / mo$25.00$25.00
Total monthly$2,936.48$3,004.67
Cash to close$30,294$42,990