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$286,250$279,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.540%7.400%
Blended rate6.390%7.640%
1st payment$1,735.91$1,931.74
2nd payment$0.00$0.00
Taxes / mo$405.83$405.83
Insurance / mo$150.00$150.00
MI / mo$215.61$55.80
HOA / mo$280.00$280.00
Total monthly$2,787.35$2,823.37
Cash to close$23,750$31,000