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$196,314$197,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,253.65$1,364.68
2nd payment$0.00$0.00
Taxes / mo$112.69$112.69
Insurance / mo$150.00$150.00
MI / mo$90.91$39.42
HOA / mo$149.00$149.00
Total monthly$1,756.24$1,815.79
Cash to close$22,686$21,900