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$199,328$202,500
Remaining term (yrs)39.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.320%
Blended rate6.770%7.560%
1st payment$1,131.25$1,391.03
2nd payment$0.00$0.00
Taxes / mo$136.33$136.33
Insurance / mo$150.00$150.00
MI / mo$91.67$40.50
HOA / mo$0.00$0.00
Total monthly$1,509.25$1,717.87
Cash to close$25,672$22,500