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$215,261$202,500
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.980%7.320%
Blended rate6.530%7.560%
1st payment$1,293.04$1,391.03
2nd payment$0.00$0.00
Taxes / mo$205.92$205.92
Insurance / mo$150.00$150.00
MI / mo$99.06$40.50
HOA / mo$0.00$0.00
Total monthly$1,748.01$1,787.45
Cash to close$9,739$22,500