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$160,487$121,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,062.42$841.24
2nd payment$0.00$0.00
Taxes / mo$143.42$143.42
Insurance / mo$150.00$150.00
MI / mo$74.62$24.30
HOA / mo$0.00$0.00
Total monthly$1,430.45$1,158.96
Cash to close$0$13,500