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$251,110$198,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.320%
Blended rate7.270%7.560%
1st payment$1,644.37$1,360.12
2nd payment$0.00$0.00
Taxes / mo$201.94$201.94
Insurance / mo$150.00$150.00
MI / mo$116.56$39.60
HOA / mo$203.33$203.33
Total monthly$2,316.20$1,955.00
Cash to close$0$22,000