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$346,008$346,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,317.41$2,399.10
2nd payment$0.00$0.00
Taxes / mo$449.75$449.75
Insurance / mo$150.00$150.00
MI / mo$164.43$69.30
HOA / mo$75.00$75.00
Total monthly$3,156.60$3,143.15
Cash to close$38,992$38,500