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$285,781$292,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.320%
Blended rate7.160%7.560%
1st payment$1,883.22$2,009.27
2nd payment$0.00$0.00
Taxes / mo$105.58$105.58
Insurance / mo$150.00$150.00
MI / mo$135.01$58.50
HOA / mo$0.00$0.00
Total monthly$2,273.81$2,323.36
Cash to close$39,219$32,500