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$231,179$225,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.540%7.320%
Blended rate6.390%7.560%
1st payment$1,399.92$1,545.59
2nd payment$0.00$0.00
Taxes / mo$118.32$118.32
Insurance / mo$150.00$150.00
MI / mo$173.88$45.00
HOA / mo$0.00$0.00
Total monthly$1,842.12$1,858.91
Cash to close$18,821$25,000