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$308,926$310,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.300%7.320%
Blended rate6.850%7.560%
1st payment$1,932.68$2,132.92
2nd payment$0.00$0.00
Taxes / mo$405.13$405.13
Insurance / mo$150.00$150.00
MI / mo$143.11$62.10
HOA / mo$0.00$0.00
Total monthly$2,630.92$2,750.15
Cash to close$36,074$34,500