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$285,520$261,000
Remaining term (yrs)24.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.770%7.320%
Blended rate3.620%7.560%
1st payment$1,345.18$1,792.89
2nd payment$0.00$0.00
Taxes / mo$300.17$300.17
Insurance / mo$150.00$150.00
MI / mo$232.80$52.20
HOA / mo$0.00$0.00
Total monthly$2,028.14$2,295.26
Cash to close$4,480$29,000