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$347,360$346,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,285.61$2,399.10
2nd payment$0.00$0.00
Taxes / mo$294.67$294.67
Insurance / mo$150.00$150.00
MI / mo$162.01$69.30
HOA / mo$0.00$0.00
Total monthly$2,892.29$2,913.06
Cash to close$37,640$38,500