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$294,446$270,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$1,993.35$1,869.43
2nd payment$0.00$0.00
Taxes / mo$250.00$250.00
Insurance / mo$150.00$150.00
MI / mo$138.16$54.00
HOA / mo$0.00$0.00
Total monthly$2,531.51$2,323.43
Cash to close$5,554$30,000