Dan Frey Home Loans
Call Dan

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$379,875$360,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,498.87$2,492.57
2nd payment$0.00$0.00
Taxes / mo$370.92$370.92
Insurance / mo$150.00$150.00
MI / mo$181.20$72.00
HOA / mo$0.00$0.00
Total monthly$3,200.99$3,085.48
Cash to close$20,125$40,000