Dan Frey Home Loans
Call Dan

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$298,589$252,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,923.92$1,731.07
2nd payment$0.00$0.00
Taxes / mo$282.82$282.82
Insurance / mo$150.00$150.00
MI / mo$139.51$50.40
HOA / mo$150.00$150.00
Total monthly$2,646.25$2,364.29
Cash to close$0$28,000