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$308,429$216,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$2,149.02$1,495.54
2nd payment$0.00$0.00
Taxes / mo$552.00$552.00
Insurance / mo$150.00$150.00
MI / mo$144.82$43.20
HOA / mo$108.00$108.00
Total monthly$3,103.84$2,348.74
Cash to close$0$24,000