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$245,498$202,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.320%
Blended rate7.340%7.560%
1st payment$1,641.24$1,391.03
2nd payment$0.00$0.00
Taxes / mo$625.67$625.67
Insurance / mo$150.00$150.00
MI / mo$115.50$40.50
HOA / mo$276.00$276.00
Total monthly$2,808.41$2,483.20
Cash to close$0$22,500