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$188,109$198,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.870%7.320%
Blended rate3.720%7.560%
1st payment$879.37$1,360.12
2nd payment$0.00$0.00
Taxes / mo$59.75$59.75
Insurance / mo$150.00$150.00
MI / mo$150.23$39.60
HOA / mo$255.00$255.00
Total monthly$1,494.34$1,864.47
Cash to close$31,891$22,000