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$228,187$238,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.570%7.400%
Blended rate7.120%7.640%
1st payment$1,507.80$1,651.33
2nd payment$0.00$0.00
Taxes / mo$369.83$369.83
Insurance / mo$150.00$150.00
MI / mo$108.54$47.70
HOA / mo$0.00$0.00
Total monthly$2,136.18$2,218.86
Cash to close$36,813$26,500