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$245,745$235,800
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$1,601.87$1,632.63
2nd payment$0.00$0.00
Taxes / mo$275.31$275.31
Insurance / mo$150.00$150.00
MI / mo$117.01$47.16
HOA / mo$0.00$0.00
Total monthly$2,144.19$2,105.10
Cash to close$16,255$26,200