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$233,207$243,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.320%
Blended rate7.500%7.560%
1st payment$1,578.76$1,669.24
2nd payment$0.00$0.00
Taxes / mo$247.83$247.83
Insurance / mo$150.00$150.00
MI / mo$109.31$48.60
HOA / mo$0.00$0.00
Total monthly$2,085.91$2,115.67
Cash to close$36,793$27,000