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$296,394$292,410
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,020.60$2,024.59
2nd payment$0.00$0.00
Taxes / mo$141.75$141.75
Insurance / mo$150.00$150.00
MI / mo$139.91$58.48
HOA / mo$550.00$550.00
Total monthly$3,002.25$2,924.82
Cash to close$28,506$32,490