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$175,615$175,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$1,154.38$1,215.13
2nd payment$0.00$0.00
Taxes / mo$250.67$250.67
Insurance / mo$150.00$150.00
MI / mo$82.08$35.10
HOA / mo$0.00$0.00
Total monthly$1,637.12$1,650.89
Cash to close$19,385$19,500