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$319,084$324,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.320%
Blended rate7.410%7.560%
1st payment$2,118.91$2,225.66
2nd payment$0.00$0.00
Taxes / mo$447.50$447.50
Insurance / mo$150.00$150.00
MI / mo$148.06$64.80
HOA / mo$15.83$15.83
Total monthly$2,880.30$2,903.79
Cash to close$40,916$36,000