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$365,988$360,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$2,372.68$2,492.57
2nd payment$0.00$0.00
Taxes / mo$138.00$138.00
Insurance / mo$150.00$150.00
MI / mo$174.77$72.00
HOA / mo$20.00$20.00
Total monthly$2,855.45$2,872.57
Cash to close$34,012$40,000