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$236,945$220,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$1,526.72$1,526.70
2nd payment$0.00$0.00
Taxes / mo$124.53$124.53
Insurance / mo$150.00$150.00
MI / mo$110.71$44.10
HOA / mo$0.00$0.00
Total monthly$1,911.96$1,845.33
Cash to close$8,055$24,500