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$157,848$166,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$1,058.35$1,152.81
2nd payment$0.00$0.00
Taxes / mo$178.67$178.67
Insurance / mo$150.00$150.00
MI / mo$74.26$33.30
HOA / mo$0.00$0.00
Total monthly$1,461.27$1,514.78
Cash to close$27,152$18,500