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$310,401$288,000
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.840%7.320%
Blended rate3.690%7.560%
1st payment$1,439.68$1,978.36
2nd payment$0.00$0.00
Taxes / mo$448.17$448.17
Insurance / mo$150.00$150.00
MI / mo$246.90$57.60
HOA / mo$20.00$20.00
Total monthly$2,304.75$2,654.13
Cash to close$9,599$32,000