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$317,087$306,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.400%
Blended rate6.100%7.640%
1st payment$1,870.60$2,118.68
2nd payment$0.00$0.00
Taxes / mo$283.33$283.33
Insurance / mo$150.00$150.00
MI / mo$239.95$61.20
HOA / mo$0.00$0.00
Total monthly$2,543.88$2,613.22
Cash to close$22,913$34,000