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$351,624$340,200
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.560%7.400%
Blended rate7.110%7.640%
1st payment$2,259.22$2,355.48
2nd payment$0.00$0.00
Taxes / mo$187.58$187.58
Insurance / mo$150.00$150.00
MI / mo$162.81$68.04
HOA / mo$20.00$20.00
Total monthly$2,779.60$2,781.10
Cash to close$26,376$37,800