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$314,412$306,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.080%7.320%
Blended rate6.630%7.560%
1st payment$1,945.53$2,102.01
2nd payment$0.00$0.00
Taxes / mo$301.58$301.58
Insurance / mo$150.00$150.00
MI / mo$147.46$61.20
HOA / mo$9.83$9.83
Total monthly$2,554.41$2,624.62
Cash to close$25,588$34,000