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$405,667$288,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.320%
Blended rate7.770%7.560%
1st payment$2,796.40$1,978.36
2nd payment$0.00$0.00
Taxes / mo$380.58$380.58
Insurance / mo$150.00$150.00
MI / mo$300.15$57.60
HOA / mo$143.33$143.33
Total monthly$3,770.46$2,709.87
Cash to close$0$32,000