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$188,539$200,700
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$1,227.06$1,389.61
2nd payment$0.00$0.00
Taxes / mo$83.08$83.08
Insurance / mo$150.00$150.00
MI / mo$90.01$40.14
HOA / mo$0.00$0.00
Total monthly$1,550.15$1,662.83
Cash to close$34,461$22,300