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$283,502$262,800
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.980%7.400%
Blended rate6.530%7.640%
1st payment$1,702.95$1,819.57
2nd payment$0.00$0.00
Taxes / mo$16.00$16.00
Insurance / mo$150.00$150.00
MI / mo$130.46$52.56
HOA / mo$0.00$0.00
Total monthly$1,999.41$2,038.13
Cash to close$8,498$29,200