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$345,616$350,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.460%7.400%
Blended rate7.010%7.640%
1st payment$2,224.94$2,429.63
2nd payment$0.00$0.00
Taxes / mo$367.50$367.50
Insurance / mo$150.00$150.00
MI / mo$162.01$70.18
HOA / mo$0.00$0.00
Total monthly$2,904.45$3,017.31
Cash to close$44,284$38,990