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$228,733$144,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.800%7.400%
Blended rate3.650%7.640%
1st payment$1,061.04$997.03
2nd payment$0.00$0.00
Taxes / mo$309.33$309.33
Insurance / mo$150.00$150.00
MI / mo$182.91$28.80
HOA / mo$339.00$339.00
Total monthly$2,042.28$1,824.16
Cash to close$0$16,000