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$402,738$391,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,634.81$2,710.67
2nd payment$0.00$0.00
Taxes / mo$210.50$210.50
Insurance / mo$150.00$150.00
MI / mo$186.76$78.30
HOA / mo$198.00$198.00
Total monthly$3,380.07$3,347.47
Cash to close$32,262$43,500