Dan Frey Home Loans
Call Dan

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$294,451$301,410
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,893.40$2,070.48
2nd payment$0.00$0.00
Taxes / mo$105.50$105.50
Insurance / mo$150.00$150.00
MI / mo$137.30$60.28
HOA / mo$0.00$0.00
Total monthly$2,286.20$2,386.26
Cash to close$40,449$33,490