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$188,543$187,200
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,209.95$1,285.93
2nd payment$0.00$0.00
Taxes / mo$52.67$52.67
Insurance / mo$150.00$150.00
MI / mo$87.74$37.44
HOA / mo$394.00$394.00
Total monthly$1,894.35$1,920.04
Cash to close$19,457$20,800