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$394,767$310,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$2,735.67$2,149.84
2nd payment$0.00$0.00
Taxes / mo$440.17$440.17
Insurance / mo$150.00$150.00
MI / mo$186.76$62.10
HOA / mo$0.00$0.00
Total monthly$3,512.60$2,802.11
Cash to close$0$34,500