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$261,307$242,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$1,711.37$1,676.25
2nd payment$0.00$0.00
Taxes / mo$224.17$224.17
Insurance / mo$150.00$150.00
MI / mo$121.06$48.42
HOA / mo$0.00$0.00
Total monthly$2,206.59$2,098.84
Cash to close$7,693$26,900