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$245,016$237,600
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.320%
Blended rate4.300%7.560%
1st payment$1,204.98$1,632.15
2nd payment$0.00$0.00
Taxes / mo$293.55$293.55
Insurance / mo$150.00$150.00
MI / mo$191.26$47.52
HOA / mo$0.00$0.00
Total monthly$1,839.79$2,123.21
Cash to close$18,984$26,400