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$251,447$252,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.240%
Blended rate7.020%7.480%
1st payment$1,622.04$1,717.38
2nd payment$0.00$0.00
Taxes / mo$63.75$63.75
Insurance / mo$150.00$150.00
MI / mo$117.99$50.40
HOA / mo$0.00$0.00
Total monthly$1,953.78$1,981.53
Cash to close$28,553$28,000