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$492,703$396,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.320%
Blended rate7.500%7.560%
1st payment$3,335.48$2,720.25
2nd payment$0.00$0.00
Taxes / mo$614.17$614.17
Insurance / mo$150.00$150.00
MI / mo$230.95$79.20
HOA / mo$260.00$260.00
Total monthly$4,590.60$3,823.61
Cash to close$0$44,000