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$280,525$216,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.320%
Blended rate7.320%7.560%
1st payment$1,846.21$1,483.77
2nd payment$0.00$0.00
Taxes / mo$251.25$251.25
Insurance / mo$150.00$150.00
MI / mo$130.20$43.20
HOA / mo$83.00$83.00
Total monthly$2,460.66$2,011.22
Cash to close$0$24,000