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$272,787$220,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.320%
Blended rate6.810%7.560%
1st payment$1,755.09$1,514.68
2nd payment$0.00$0.00
Taxes / mo$262.60$262.60
Insurance / mo$150.00$150.00
MI / mo$130.51$44.10
HOA / mo$83.00$83.00
Total monthly$2,381.20$2,054.38
Cash to close$0$24,500