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$302,950$279,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,021.24$1,931.74
2nd payment$0.00$0.00
Taxes / mo$389.17$389.17
Insurance / mo$150.00$150.00
MI / mo$144.01$55.80
HOA / mo$0.00$0.00
Total monthly$2,704.42$2,526.71
Cash to close$7,050$31,000