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$247,136$247,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.100%7.400%
Blended rate7.650%7.640%
1st payment$1,702.36$1,713.64
2nd payment$0.00$0.00
Taxes / mo$222.42$222.42
Insurance / mo$150.00$150.00
MI / mo$116.10$49.50
HOA / mo$41.67$41.67
Total monthly$2,232.55$2,177.23
Cash to close$27,864$27,500