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$284,911$278,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$1,832.67$1,925.51
2nd payment$0.00$0.00
Taxes / mo$187.75$187.75
Insurance / mo$150.00$150.00
MI / mo$136.13$55.62
HOA / mo$0.00$0.00
Total monthly$2,306.55$2,318.88
Cash to close$24,089$30,900