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$296,662$301,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$1,989.08$2,087.53
2nd payment$0.00$0.00
Taxes / mo$178.33$178.33
Insurance / mo$150.00$150.00
MI / mo$139.56$60.30
HOA / mo$0.00$0.00
Total monthly$2,456.97$2,476.16
Cash to close$38,338$33,500