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$285,774$283,499
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,847.07$1,947.44
2nd payment$0.00$0.00
Taxes / mo$459.91$459.91
Insurance / mo$150.00$150.00
MI / mo$133.94$56.70
HOA / mo$50.00$50.00
Total monthly$2,640.91$2,664.05
Cash to close$29,225$31,500