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$192,725$198,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.550%7.400%
Blended rate4.400%7.640%
1st payment$956.27$1,370.91
2nd payment$0.00$0.00
Taxes / mo$183.33$183.33
Insurance / mo$150.00$150.00
MI / mo$149.91$39.60
HOA / mo$0.00$0.00
Total monthly$1,439.52$1,743.85
Cash to close$27,275$22,000