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$343,021$198,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$1,686.97$1,370.91
2nd payment$0.00$0.00
Taxes / mo$388.08$388.08
Insurance / mo$150.00$150.00
MI / mo$267.77$39.60
HOA / mo$13.75$13.75
Total monthly$2,506.57$1,962.35
Cash to close$0$22,000