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$253,303$244,710
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.240%7.320%
Blended rate6.790%7.560%
1st payment$1,570.14$1,680.99
2nd payment$0.00$0.00
Taxes / mo$25.25$25.25
Insurance / mo$150.00$150.00
MI / mo$117.00$48.94
HOA / mo$0.00$0.00
Total monthly$1,862.40$1,905.18
Cash to close$18,597$27,190