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$281,950$225,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.510%7.400%
Blended rate6.360%7.640%
1st payment$1,702.27$1,557.85
2nd payment$0.00$0.00
Taxes / mo$279.42$279.42
Insurance / mo$150.00$150.00
MI / mo$212.13$45.00
HOA / mo$0.00$0.00
Total monthly$2,343.81$2,032.27
Cash to close$0$25,000