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$248,647$238,497
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.890%7.320%
Blended rate4.740%7.560%
1st payment$1,279.92$1,638.31
2nd payment$0.00$0.00
Taxes / mo$389.50$389.50
Insurance / mo$150.00$150.00
MI / mo$192.45$47.70
HOA / mo$50.00$50.00
Total monthly$2,061.87$2,275.51
Cash to close$16,350$26,500