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$321,437$306,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.080%7.320%
Blended rate6.630%7.560%
1st payment$1,989.00$2,102.01
2nd payment$0.00$0.00
Taxes / mo$600.42$600.42
Insurance / mo$150.00$150.00
MI / mo$150.76$61.20
HOA / mo$12.00$12.00
Total monthly$2,902.18$2,925.62
Cash to close$18,563$34,000