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$402,218$373,500
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,553.96$2,586.04
2nd payment$0.00$0.00
Taxes / mo$345.83$345.83
Insurance / mo$150.00$150.00
MI / mo$185.20$74.70
HOA / mo$155.00$155.00
Total monthly$3,389.99$3,311.57
Cash to close$12,782$41,500