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$278,777$285,300
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,847.54$1,975.36
2nd payment$0.00$0.00
Taxes / mo$184.00$184.00
Insurance / mo$150.00$150.00
MI / mo$131.36$57.06
HOA / mo$40.00$40.00
Total monthly$2,352.91$2,406.42
Cash to close$38,223$31,700