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$254,005$261,000
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.100%7.400%
Blended rate3.950%7.640%
1st payment$1,204.56$1,807.11
2nd payment$0.00$0.00
Taxes / mo$434.58$434.58
Insurance / mo$150.00$150.00
MI / mo$199.81$52.20
HOA / mo$687.00$687.00
Total monthly$2,675.95$3,130.89
Cash to close$35,995$29,000