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$322,422$247,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,180.60$1,713.64
2nd payment$0.00$0.00
Taxes / mo$229.17$229.17
Insurance / mo$150.00$150.00
MI / mo$150.99$49.50
HOA / mo$429.00$429.00
Total monthly$3,139.75$2,571.31
Cash to close$0$27,500