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$255,060$256,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.320%
Blended rate6.640%7.560%
1st payment$1,579.89$1,761.98
2nd payment$0.00$0.00
Taxes / mo$158.58$158.58
Insurance / mo$150.00$150.00
MI / mo$119.62$51.30
HOA / mo$0.00$0.00
Total monthly$2,008.09$2,121.86
Cash to close$29,940$28,500