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$194,458$198,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.810%7.320%
Blended rate6.660%7.560%
1st payment$1,211.17$1,360.12
2nd payment$0.00$0.00
Taxes / mo$209.67$209.67
Insurance / mo$150.00$150.00
MI / mo$146.06$39.60
HOA / mo$423.00$423.00
Total monthly$2,139.90$2,182.39
Cash to close$25,542$22,000