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$254,359$261,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$1,711.94$1,807.11
2nd payment$0.00$0.00
Taxes / mo$172.08$172.08
Insurance / mo$150.00$150.00
MI / mo$119.26$52.20
HOA / mo$785.00$785.00
Total monthly$2,938.28$2,966.39
Cash to close$35,641$29,000