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$204,161$216,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.890%7.400%
Blended rate6.740%7.640%
1st payment$1,279.88$1,495.54
2nd payment$0.00$0.00
Taxes / mo$137.33$137.33
Insurance / mo$150.00$150.00
MI / mo$153.01$43.20
HOA / mo$0.00$0.00
Total monthly$1,720.23$1,826.07
Cash to close$35,839$24,000