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$328,750$315,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.420%7.400%
Blended rate6.970%7.640%
1st payment$2,153.50$2,181.00
2nd payment$0.00$0.00
Taxes / mo$291.67$291.67
Insurance / mo$150.00$150.00
MI / mo$157.47$63.00
HOA / mo$0.00$0.00
Total monthly$2,752.63$2,685.66
Cash to close$21,250$35,000