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$281,182$271,800
Remaining term (yrs)24.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.940%7.320%
Blended rate3.790%7.560%
1st payment$1,355.63$1,867.08
2nd payment$0.00$0.00
Taxes / mo$504.50$504.50
Insurance / mo$150.00$150.00
MI / mo$229.52$54.36
HOA / mo$0.00$0.00
Total monthly$2,239.64$2,575.94
Cash to close$20,818$30,200