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$311,833$315,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$2,129.50$2,181.00
2nd payment$0.00$0.00
Taxes / mo$166.75$166.75
Insurance / mo$150.00$150.00
MI / mo$146.26$63.00
HOA / mo$0.00$0.00
Total monthly$2,592.51$2,560.75
Cash to close$38,167$35,000