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$370,416$369,000
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,349.85$2,554.88
2nd payment$0.00$0.00
Taxes / mo$341.67$341.67
Insurance / mo$150.00$150.00
MI / mo$170.40$73.80
HOA / mo$659.00$659.00
Total monthly$3,670.91$3,779.35
Cash to close$39,584$41,000