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$291,066$279,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.310%7.400%
Blended rate7.860%7.640%
1st payment$2,055.15$1,931.74
2nd payment$0.00$0.00
Taxes / mo$258.33$258.33
Insurance / mo$150.00$150.00
MI / mo$137.26$55.80
HOA / mo$0.00$0.00
Total monthly$2,600.74$2,395.87
Cash to close$18,934$31,000