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$295,340$297,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$1,950.02$2,056.37
2nd payment$0.00$0.00
Taxes / mo$87.00$87.00
Insurance / mo$150.00$150.00
MI / mo$139.51$59.40
HOA / mo$0.00$0.00
Total monthly$2,326.53$2,352.77
Cash to close$34,660$33,000