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$243,785$222,750
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$1,607.40$1,530.14
2nd payment$0.00$0.00
Taxes / mo$80.08$80.08
Insurance / mo$150.00$150.00
MI / mo$116.56$44.55
HOA / mo$230.00$230.00
Total monthly$2,184.04$2,034.77
Cash to close$3,715$24,750