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$288,435$292,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.540%7.400%
Blended rate6.390%7.640%
1st payment$1,746.64$2,025.21
2nd payment$0.00$0.00
Taxes / mo$279.25$279.25
Insurance / mo$150.00$150.00
MI / mo$216.94$58.50
HOA / mo$17.50$17.50
Total monthly$2,410.33$2,530.46
Cash to close$36,565$32,500