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$305,585$261,000
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.660%7.640%
1st payment$2,082.50$1,807.11
2nd payment$0.00$0.00
Taxes / mo$466.50$466.50
Insurance / mo$150.00$150.00
MI / mo$226.04$52.20
HOA / mo$78.67$78.67
Total monthly$3,003.71$2,554.48
Cash to close$0$29,000