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$246,118$251,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$1,648.39$1,738.57
2nd payment$0.00$0.00
Taxes / mo$155.17$155.17
Insurance / mo$150.00$150.00
MI / mo$116.96$50.22
HOA / mo$35.00$35.00
Total monthly$2,105.52$2,128.95
Cash to close$32,882$27,900