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$309,232$296,999
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.500%7.400%
Blended rate6.050%7.640%
1st payment$1,834.17$2,056.36
2nd payment$0.00$0.00
Taxes / mo$436.92$436.92
Insurance / mo$150.00$150.00
MI / mo$148.06$59.40
HOA / mo$49.33$49.33
Total monthly$2,618.47$2,752.01
Cash to close$20,767$33,000