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$320,506$234,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$2,327.03$1,620.17
2nd payment$0.00$0.00
Taxes / mo$278.59$278.59
Insurance / mo$150.00$150.00
MI / mo$150.76$46.80
HOA / mo$23.92$23.92
Total monthly$2,930.30$2,119.48
Cash to close$0$26,000