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$319,422$324,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.850%7.400%
Blended rate4.700%7.640%
1st payment$1,634.07$2,243.31
2nd payment$0.00$0.00
Taxes / mo$399.50$399.50
Insurance / mo$150.00$150.00
MI / mo$246.90$64.80
HOA / mo$30.00$30.00
Total monthly$2,460.47$2,887.61
Cash to close$40,578$36,000