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$295,784$247,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$1,856.27$1,713.64
2nd payment$0.00$0.00
Taxes / mo$135.83$135.83
Insurance / mo$150.00$150.00
MI / mo$136.87$49.50
HOA / mo$640.00$640.00
Total monthly$2,918.98$2,688.97
Cash to close$0$27,500