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$224,396$223,110
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.320%
Blended rate7.290%7.560%
1st payment$1,494.42$1,532.61
2nd payment$0.00$0.00
Taxes / mo$137.50$137.50
Insurance / mo$150.00$150.00
MI / mo$105.71$44.62
HOA / mo$0.00$0.00
Total monthly$1,887.63$1,864.73
Cash to close$23,504$24,790