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$473,401$270,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$3,041.03$1,854.71
2nd payment$0.00$0.00
Taxes / mo$469.75$469.75
Insurance / mo$150.00$150.00
MI / mo$220.52$54.00
HOA / mo$143.00$143.00
Total monthly$4,024.30$2,671.46
Cash to close$0$30,000