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$328,205$315,000
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.320%
Blended rate7.410%7.560%
1st payment$2,296.27$2,163.83
2nd payment$0.00$0.00
Taxes / mo$278.33$278.33
Insurance / mo$150.00$150.00
MI / mo$153.01$63.00
HOA / mo$65.00$65.00
Total monthly$2,942.61$2,720.16
Cash to close$21,795$35,000