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$356,610$360,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,265.89$2,492.57
2nd payment$0.00$0.00
Taxes / mo$257.67$257.67
Insurance / mo$150.00$150.00
MI / mo$171.01$72.00
HOA / mo$93.33$93.33
Total monthly$2,937.90$3,065.56
Cash to close$43,390$40,000