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$242,550$240,296
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.420%7.320%
Blended rate6.970%7.560%
1st payment$1,585.06$1,650.66
2nd payment$0.00$0.00
Taxes / mo$241.08$241.08
Insurance / mo$150.00$150.00
MI / mo$115.90$48.06
HOA / mo$219.00$219.00
Total monthly$2,311.05$2,308.81
Cash to close$24,445$26,700