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$175,550$188,010
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$1,191.99$1,301.74
2nd payment$0.00$0.00
Taxes / mo$28.67$28.67
Insurance / mo$150.00$150.00
MI / mo$82.62$37.60
HOA / mo$0.00$0.00
Total monthly$1,453.28$1,518.01
Cash to close$33,350$20,890