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$331,687$288,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.870%7.400%
Blended rate3.720%7.640%
1st payment$1,547.04$1,994.05
2nd payment$0.00$0.00
Taxes / mo$195.33$195.33
Insurance / mo$150.00$150.00
MI / mo$264.29$57.60
HOA / mo$0.00$0.00
Total monthly$2,156.66$2,396.99
Cash to close$0$32,000