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$360,079$359,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.320%
Blended rate6.940%7.560%
1st payment$2,346.27$2,466.77
2nd payment$0.00$0.00
Taxes / mo$313.75$313.75
Insurance / mo$150.00$150.00
MI / mo$172.10$71.82
HOA / mo$0.00$0.00
Total monthly$2,982.12$3,002.34
Cash to close$38,921$39,900