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$347,657$350,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.510%7.320%
Blended rate6.360%7.560%
1st payment$2,098.97$2,410.51
2nd payment$0.00$0.00
Taxes / mo$611.50$611.50
Insurance / mo$150.00$150.00
MI / mo$261.56$70.18
HOA / mo$357.00$357.00
Total monthly$3,479.03$3,599.19
Cash to close$42,243$38,990