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$354,870$310,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.320%
Blended rate7.490%7.560%
1st payment$2,402.41$2,132.92
2nd payment$0.00$0.00
Taxes / mo$416.83$416.83
Insurance / mo$150.00$150.00
MI / mo$166.51$62.10
HOA / mo$32.00$32.00
Total monthly$3,167.75$2,793.85
Cash to close$0$34,500