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$255,523$261,000
Remaining term (yrs)24.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.320%
Blended rate6.890%7.560%
1st payment$1,721.52$1,792.89
2nd payment$0.00$0.00
Taxes / mo$323.67$323.67
Insurance / mo$150.00$150.00
MI / mo$118.61$52.20
HOA / mo$0.00$0.00
Total monthly$2,313.79$2,318.76
Cash to close$34,477$29,000