Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$388,876$355,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.000%7.320%
Blended rate5.850%7.560%
1st payment$2,240.17$2,442.04
2nd payment$0.00$0.00
Taxes / mo$124.73$124.73
Insurance / mo$150.00$150.00
MI / mo$295.59$71.10
HOA / mo$116.67$116.67
Total monthly$2,927.15$2,904.53
Cash to close$6,124$39,500