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$320,026$252,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$2,110.10$1,731.07
2nd payment$0.00$0.00
Taxes / mo$449.50$449.50
Insurance / mo$150.00$150.00
MI / mo$153.01$50.40
HOA / mo$16.25$16.25
Total monthly$2,878.86$2,397.22
Cash to close$0$28,000