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$324,114$319,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$2,111.63$2,212.15
2nd payment$0.00$0.00
Taxes / mo$86.00$86.00
Insurance / mo$150.00$150.00
MI / mo$150.76$63.90
HOA / mo$0.00$0.00
Total monthly$2,498.39$2,512.05
Cash to close$30,886$35,500