Dan Frey Home Loans
Call Dan

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$421,280$414,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$2,832.68$2,866.45
2nd payment$0.00$0.00
Taxes / mo$375.92$375.92
Insurance / mo$166.67$166.67
MI / mo$197.73$82.80
HOA / mo$3.75$3.75
Total monthly$3,576.75$3,495.59
Cash to close$38,720$46,000