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$248,640$234,000
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.320%
Blended rate6.640%7.560%
1st payment$1,515.68$1,607.42
2nd payment$0.00$0.00
Taxes / mo$95.92$95.92
Insurance / mo$150.00$150.00
MI / mo$114.76$46.80
HOA / mo$103.00$103.00
Total monthly$1,979.35$2,003.13
Cash to close$11,360$26,000