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$233,245$229,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.230%7.400%
Blended rate7.780%7.640%
1st payment$1,637.79$1,589.01
2nd payment$0.00$0.00
Taxes / mo$271.25$271.25
Insurance / mo$150.00$150.00
MI / mo$110.26$45.90
HOA / mo$0.00$0.00
Total monthly$2,169.30$2,056.16
Cash to close$21,755$25,500