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$361,162$301,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.320%
Blended rate7.330%7.560%
1st payment$2,412.14$2,071.10
2nd payment$0.00$0.00
Taxes / mo$271.33$271.33
Insurance / mo$150.00$150.00
MI / mo$169.93$60.30
HOA / mo$120.00$120.00
Total monthly$3,123.41$2,672.73
Cash to close$0$33,500