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$294,371$270,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate7.120%7.640%
1st payment$1,902.78$1,869.43
2nd payment$0.00$0.00
Taxes / mo$543.00$543.00
Insurance / mo$150.00$150.00
MI / mo$218.44$54.00
HOA / mo$12.50$12.50
Total monthly$2,826.72$2,628.93
Cash to close$5,629$30,000