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$279,044$288,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.625%7.400%
Blended rate6.175%7.640%
1st payment$1,663.47$1,994.05
2nd payment$0.00$0.00
Taxes / mo$199.58$199.58
Insurance / mo$150.00$150.00
MI / mo$132.44$57.60
HOA / mo$385.00$385.00
Total monthly$2,530.50$2,786.24
Cash to close$40,956$32,000