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$241,655$252,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.090%7.320%
Blended rate5.940%7.560%
1st payment$1,400.51$1,731.07
2nd payment$0.00$0.00
Taxes / mo$287.75$287.75
Insurance / mo$150.00$150.00
MI / mo$182.92$50.40
HOA / mo$0.00$0.00
Total monthly$2,021.17$2,219.22
Cash to close$38,345$28,000