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$278,037$283,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$1,820.94$1,962.90
2nd payment$0.00$0.00
Taxes / mo$315.17$315.17
Insurance / mo$150.00$150.00
MI / mo$128.81$56.70
HOA / mo$16.50$16.50
Total monthly$2,431.42$2,501.26
Cash to close$36,963$31,500