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$261,991$265,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$1,618.94$1,838.27
2nd payment$0.00$0.00
Taxes / mo$171.50$171.50
Insurance / mo$150.00$150.00
MI / mo$122.18$53.10
HOA / mo$0.00$0.00
Total monthly$2,062.62$2,212.87
Cash to close$33,009$29,500