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$247,697$251,910
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$1,618.98$1,744.17
2nd payment$0.00$0.00
Taxes / mo$249.92$249.92
Insurance / mo$150.00$150.00
MI / mo$114.76$50.38
HOA / mo$200.00$200.00
Total monthly$2,333.65$2,394.47
Cash to close$32,203$27,990