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$318,672$315,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,027.37$2,181.00
2nd payment$0.00$0.00
Taxes / mo$169.83$169.83
Insurance / mo$150.00$150.00
MI / mo$153.01$63.00
HOA / mo$7.58$7.58
Total monthly$2,507.80$2,571.41
Cash to close$31,328$35,000