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$425,639$373,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.320%
Blended rate7.340%7.560%
1st payment$2,845.54$2,565.69
2nd payment$0.00$0.00
Taxes / mo$358.75$358.75
Insurance / mo$150.00$150.00
MI / mo$200.26$74.70
HOA / mo$75.00$75.00
Total monthly$3,629.55$3,224.14
Cash to close$0$41,500