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$218,339$224,991
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$1,462.45$1,557.79
2nd payment$0.00$0.00
Taxes / mo$208.75$208.75
Insurance / mo$150.00$150.00
MI / mo$102.61$45.00
HOA / mo$0.08$0.08
Total monthly$1,923.89$1,961.62
Cash to close$31,651$24,999