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$321,117$301,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.790%7.320%
Blended rate8.340%7.560%
1st payment$2,370.25$2,071.10
2nd payment$0.00$0.00
Taxes / mo$497.50$497.50
Insurance / mo$150.00$150.00
MI / mo$151.06$60.30
HOA / mo$0.00$0.00
Total monthly$3,168.81$2,778.90
Cash to close$13,883$33,500