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$215,624$202,500
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.510%7.400%
Blended rate7.060%7.640%
1st payment$1,366.78$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$1,803.29$1,780.07
Cash to close$9,376$22,500