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$231,394$234,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.320%
Blended rate7.280%7.560%
1st payment$1,531.65$1,607.42
2nd payment$0.00$0.00
Taxes / mo$381.67$381.67
Insurance / mo$150.00$150.00
MI / mo$108.46$46.80
HOA / mo$0.00$0.00
Total monthly$2,171.78$2,185.88
Cash to close$28,606$26,000