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$351,005$351,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.550%7.400%
Blended rate6.400%7.640%
1st payment$2,124.63$2,430.25
2nd payment$0.00$0.00
Taxes / mo$447.00$447.00
Insurance / mo$150.00$150.00
MI / mo$263.60$70.20
HOA / mo$0.00$0.00
Total monthly$2,985.23$3,097.45
Cash to close$38,995$39,000