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$184,004$198,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$1,313.84$1,370.91
2nd payment$0.00$0.00
Taxes / mo$50.00$50.00
Insurance / mo$150.00$150.00
MI / mo$86.63$39.60
HOA / mo$0.00$0.00
Total monthly$1,600.47$1,610.51
Cash to close$35,996$22,000