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$345,051$346,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,223.29$2,399.10
2nd payment$0.00$0.00
Taxes / mo$509.17$509.17
Insurance / mo$150.00$150.00
MI / mo$161.22$69.30
HOA / mo$0.00$0.00
Total monthly$3,043.68$3,127.56
Cash to close$39,949$38,500