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$294,263$292,500
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.050%7.320%
Blended rate3.900%7.560%
1st payment$1,415.75$2,009.27
2nd payment$0.00$0.00
Taxes / mo$209.92$209.92
Insurance / mo$150.00$150.00
MI / mo$236.34$58.50
HOA / mo$0.00$0.00
Total monthly$2,012.01$2,427.69
Cash to close$30,737$32,500