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$224,647$225,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.320%
Blended rate6.870%7.560%
1st payment$1,455.61$1,545.59
2nd payment$0.00$0.00
Taxes / mo$77.50$77.50
Insurance / mo$150.00$150.00
MI / mo$107.56$45.00
HOA / mo$215.00$215.00
Total monthly$2,005.67$2,033.09
Cash to close$25,353$25,000