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$247,007$205,200
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.800%7.320%
Blended rate3.650%7.560%
1st payment$1,145.80$1,409.58
2nd payment$0.00$0.00
Taxes / mo$105.33$105.33
Insurance / mo$150.00$150.00
MI / mo$197.52$41.04
HOA / mo$500.00$500.00
Total monthly$2,098.66$2,205.95
Cash to close$0$22,800