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$356,125$346,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$989.24$2,399.10
2nd payment$0.00$0.00
Taxes / mo$250.45$250.45
Insurance / mo$150.00$150.00
MI / mo$163.22$69.30
HOA / mo$25.00$25.00
Total monthly$1,577.91$2,893.84
Cash to close$28,875$38,500