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$240,228$238,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.170%7.400%
Blended rate5.020%7.640%
1st payment$1,271.66$1,651.33
2nd payment$0.00$0.00
Taxes / mo$357.50$357.50
Insurance / mo$150.00$150.00
MI / mo$184.86$47.70
HOA / mo$0.00$0.00
Total monthly$1,964.02$2,206.53
Cash to close$24,772$26,500