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$247,621$249,300
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.250%7.400%
Blended rate6.800%7.640%
1st payment$1,544.30$1,726.10
2nd payment$0.00$0.00
Taxes / mo$163.42$163.42
Insurance / mo$150.00$150.00
MI / mo$114.96$49.86
HOA / mo$468.00$468.00
Total monthly$2,440.67$2,557.38
Cash to close$29,379$27,700