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$309,127$301,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.620%7.320%
Blended rate6.170%7.560%
1st payment$1,841.86$2,071.10
2nd payment$0.00$0.00
Taxes / mo$572.67$572.67
Insurance / mo$150.00$150.00
MI / mo$146.73$60.30
HOA / mo$8.17$8.17
Total monthly$2,719.42$2,862.23
Cash to close$25,873$33,500