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$257,141$265,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.320%
Blended rate7.220%7.560%
1st payment$1,673.84$1,823.80
2nd payment$0.00$0.00
Taxes / mo$280.07$280.07
Insurance / mo$150.00$150.00
MI / mo$119.26$53.10
HOA / mo$0.00$0.00
Total monthly$2,223.17$2,306.97
Cash to close$37,859$29,500