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$295,548$296,996
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,892.89$2,056.34
2nd payment$0.00$0.00
Taxes / mo$350.05$350.05
Insurance / mo$150.00$150.00
MI / mo$137.26$59.40
HOA / mo$0.00$0.00
Total monthly$2,530.19$2,615.78
Cash to close$34,447$33,000