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$300,461$288,000
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.960%7.400%
Blended rate3.810%7.640%
1st payment$1,425.01$1,994.05
2nd payment$0.00$0.00
Taxes / mo$87.67$87.67
Insurance / mo$150.00$150.00
MI / mo$240.64$57.60
HOA / mo$0.00$0.00
Total monthly$1,903.32$2,289.32
Cash to close$19,539$32,000