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$420,583$396,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$3,003.09$2,741.82
2nd payment$0.00$0.00
Taxes / mo$383.25$383.25
Insurance / mo$150.00$150.00
MI / mo$198.01$79.20
HOA / mo$170.00$170.00
Total monthly$3,904.35$3,524.27
Cash to close$19,417$44,000