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$195,301$206,910
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.320%
Blended rate7.200%7.560%
1st payment$1,306.40$1,421.33
2nd payment$0.00$0.00
Taxes / mo$243.67$243.67
Insurance / mo$150.00$150.00
MI / mo$93.27$41.38
HOA / mo$0.00$0.00
Total monthly$1,793.34$1,856.38
Cash to close$34,599$22,990