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$212,625$202,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.620%7.400%
Blended rate7.170%7.640%
1st payment$1,382.45$1,402.07
2nd payment$0.00$0.00
Taxes / mo$187.50$187.50
Insurance / mo$150.00$150.00
MI / mo$99.01$40.50
HOA / mo$0.00$0.00
Total monthly$1,818.96$1,780.07
Cash to close$12,375$22,500