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$206,604$153,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.360%7.400%
Blended rate6.910%7.640%
1st payment$1,345.53$1,059.34
2nd payment$0.00$0.00
Taxes / mo$98.42$98.42
Insurance / mo$150.00$150.00
MI / mo$99.01$30.60
HOA / mo$430.00$430.00
Total monthly$2,122.96$1,768.36
Cash to close$0$17,000