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$198,149$206,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$1,254.31$1,432.60
2nd payment$0.00$0.00
Taxes / mo$53.92$53.92
Insurance / mo$150.00$150.00
MI / mo$93.27$41.38
HOA / mo$0.00$0.00
Total monthly$1,551.50$1,677.90
Cash to close$31,751$22,990