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$178,839$184,499
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,179.17$1,277.43
2nd payment$0.00$0.00
Taxes / mo$250.33$250.33
Insurance / mo$150.00$150.00
MI / mo$85.51$36.90
HOA / mo$314.00$314.00
Total monthly$1,979.01$2,028.67
Cash to close$26,160$20,500