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$220,428$229,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.400%
Blended rate7.020%7.640%
1st payment$1,420.45$1,589.01
2nd payment$0.00$0.00
Taxes / mo$254.25$254.25
Insurance / mo$150.00$150.00
MI / mo$103.32$45.90
HOA / mo$165.00$165.00
Total monthly$2,093.02$2,204.16
Cash to close$34,572$25,500