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$307,603$301,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$1,826.57$2,087.53
2nd payment$0.00$0.00
Taxes / mo$174.42$174.42
Insurance / mo$150.00$150.00
MI / mo$232.99$60.30
HOA / mo$6.83$6.83
Total monthly$2,390.81$2,479.07
Cash to close$27,397$33,500