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$341,190$256,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,240.54$1,775.95
2nd payment$0.00$0.00
Taxes / mo$501.67$501.67
Insurance / mo$150.00$150.00
MI / mo$159.31$51.30
HOA / mo$164.00$164.00
Total monthly$3,215.51$2,642.92
Cash to close$0$28,500