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$263,939$265,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$1,744.97$1,838.27
2nd payment$0.00$0.00
Taxes / mo$387.00$387.00
Insurance / mo$150.00$150.00
MI / mo$126.01$53.10
HOA / mo$0.00$0.00
Total monthly$2,407.98$2,428.37
Cash to close$31,061$29,500