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$345,164$249,300
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.500%7.400%
Blended rate8.050%7.640%
1st payment$2,478.37$1,726.10
2nd payment$0.00$0.00
Taxes / mo$371.67$371.67
Insurance / mo$150.00$150.00
MI / mo$162.46$49.86
HOA / mo$175.00$175.00
Total monthly$3,337.50$2,472.63
Cash to close$0$27,700