Dan Frey Home Loans
Call Dan

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$256,470$265,500
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.240%7.400%
Blended rate6.790%7.640%
1st payment$1,589.78$1,838.27
2nd payment$0.00$0.00
Taxes / mo$85.42$85.42
Insurance / mo$150.00$150.00
MI / mo$118.47$53.10
HOA / mo$0.00$0.00
Total monthly$1,943.66$2,126.79
Cash to close$38,530$29,500