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$244,294$220,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.320%
Blended rate7.190%7.560%
1st payment$1,612.83$1,514.68
2nd payment$0.00$0.00
Taxes / mo$50.50$50.50
Insurance / mo$150.00$150.00
MI / mo$115.27$44.10
HOA / mo$0.00$0.00
Total monthly$1,928.59$1,759.28
Cash to close$706$24,500