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$222,925$220,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$1,505.81$1,526.70
2nd payment$0.00$0.00
Taxes / mo$187.67$187.67
Insurance / mo$150.00$150.00
MI / mo$105.76$44.10
HOA / mo$384.00$384.00
Total monthly$2,333.23$2,292.46
Cash to close$22,075$24,500