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$354,028$225,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,310.39$1,557.85
2nd payment$0.00$0.00
Taxes / mo$208.33$208.33
Insurance / mo$150.00$150.00
MI / mo$168.76$45.00
HOA / mo$605.00$605.00
Total monthly$3,442.49$2,566.19
Cash to close$0$25,000