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$286,309$234,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.320%
Blended rate8.120%7.560%
1st payment$2,071.06$1,607.42
2nd payment$0.00$0.00
Taxes / mo$349.08$349.08
Insurance / mo$150.00$150.00
MI / mo$134.83$46.80
HOA / mo$0.00$0.00
Total monthly$2,704.98$2,153.30
Cash to close$0$26,000