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$310,288$251,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.320%
Blended rate8.120%7.560%
1st payment$2,246.60$1,730.45
2nd payment$0.00$0.00
Taxes / mo$375.92$375.92
Insurance / mo$150.00$150.00
MI / mo$146.26$50.38
HOA / mo$12.83$12.83
Total monthly$2,931.61$2,319.58
Cash to close$0$27,990