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$282,213$288,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.320%
Blended rate7.370%7.560%
1st payment$1,892.20$1,978.36
2nd payment$0.00$0.00
Taxes / mo$405.66$405.66
Insurance / mo$150.00$150.00
MI / mo$132.76$57.60
HOA / mo$0.00$0.00
Total monthly$2,580.62$2,591.62
Cash to close$37,787$32,000