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$282,917$247,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.320%
Blended rate7.150%7.560%
1st payment$1,881.27$1,700.15
2nd payment$0.00$0.00
Taxes / mo$336.67$336.67
Insurance / mo$150.00$150.00
MI / mo$135.01$49.50
HOA / mo$285.00$285.00
Total monthly$2,787.95$2,521.32
Cash to close$0$27,500