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$265,812$243,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.100%7.400%
Blended rate3.950%7.640%
1st payment$1,257.85$1,682.48
2nd payment$0.00$0.00
Taxes / mo$525.67$525.67
Insurance / mo$150.00$150.00
MI / mo$208.65$48.60
HOA / mo$127.00$127.00
Total monthly$2,269.16$2,533.75
Cash to close$4,188$27,000