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$341,370$313,200
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.900%7.400%
Blended rate3.750%7.640%
1st payment$1,593.89$2,168.53
2nd payment$0.00$0.00
Taxes / mo$215.17$215.17
Insurance / mo$150.00$150.00
MI / mo$271.25$62.64
HOA / mo$385.00$385.00
Total monthly$2,615.31$2,981.34
Cash to close$6,630$34,800