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$293,522$247,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.920%7.400%
Blended rate4.770%7.640%
1st payment$1,515.77$1,713.64
2nd payment$0.00$0.00
Taxes / mo$276.08$276.08
Insurance / mo$150.00$150.00
MI / mo$227.08$49.50
HOA / mo$0.00$0.00
Total monthly$2,168.94$2,189.22
Cash to close$0$27,500