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$411,481$346,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.320%
Blended rate7.430%7.560%
1st payment$2,775.04$2,380.21
2nd payment$0.00$0.00
Taxes / mo$721.50$721.50
Insurance / mo$150.00$150.00
MI / mo$193.51$69.30
HOA / mo$11.25$11.25
Total monthly$3,851.30$3,332.27
Cash to close$0$38,500