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$198,033$205,200
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.320%
Blended rate6.150%7.560%
1st payment$1,170.64$1,409.58
2nd payment$0.00$0.00
Taxes / mo$204.33$204.33
Insurance / mo$150.00$150.00
MI / mo$149.32$41.04
HOA / mo$195.00$195.00
Total monthly$1,869.29$1,999.95
Cash to close$29,967$22,800