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$297,917$297,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.320%
Blended rate7.400%7.560%
1st payment$1,974.56$2,040.18
2nd payment$0.00$0.00
Taxes / mo$363.96$363.96
Insurance / mo$150.00$150.00
MI / mo$138.11$59.40
HOA / mo$74.00$74.00
Total monthly$2,700.63$2,687.54
Cash to close$32,083$33,000