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$256,645$243,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.320%
Blended rate7.160%7.560%
1st payment$1,694.89$1,669.24
2nd payment$0.00$0.00
Taxes / mo$225.00$225.00
Insurance / mo$150.00$150.00
MI / mo$121.51$48.60
HOA / mo$0.00$0.00
Total monthly$2,191.40$2,092.84
Cash to close$13,355$27,000