Dan Frey Home Loans
Call Dan

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$358,622$262,800
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.500%7.400%
Blended rate8.050%7.640%
1st payment$2,582.26$1,819.57
2nd payment$0.00$0.00
Taxes / mo$733.25$733.25
Insurance / mo$150.00$150.00
MI / mo$169.27$52.56
HOA / mo$8.33$8.33
Total monthly$3,643.10$2,763.71
Cash to close$0$29,200