Dan Frey Home Loans
Call Dan

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$345,193$341,099
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,215.23$2,361.70
2nd payment$0.00$0.00
Taxes / mo$315.83$315.83
Insurance / mo$150.00$150.00
MI / mo$160.63$68.22
HOA / mo$0.00$0.00
Total monthly$2,841.70$2,895.75
Cash to close$33,806$37,900