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$339,749$342,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.320%
Blended rate7.390%7.560%
1st payment$2,249.57$2,349.30
2nd payment$0.00$0.00
Taxes / mo$324.00$324.00
Insurance / mo$150.00$150.00
MI / mo$157.51$68.40
HOA / mo$0.00$0.00
Total monthly$2,881.08$2,891.70
Cash to close$40,251$38,000