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$217,294$216,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,418.11$1,483.77
2nd payment$0.00$0.00
Taxes / mo$235.08$235.08
Insurance / mo$150.00$150.00
MI / mo$102.83$43.20
HOA / mo$0.00$0.00
Total monthly$1,906.02$1,912.05
Cash to close$22,706$24,000