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$198,514$206,910
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.620%7.400%
Blended rate7.170%7.640%
1st payment$1,288.19$1,432.60
2nd payment$0.00$0.00
Taxes / mo$48.67$48.67
Insurance / mo$150.00$150.00
MI / mo$92.26$41.38
HOA / mo$0.00$0.00
Total monthly$1,579.11$1,672.65
Cash to close$31,386$22,990