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$218,082$154,800
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.320%
Blended rate6.980%7.560%
1st payment$1,423.21$1,063.37
2nd payment$0.00$0.00
Taxes / mo$244.25$244.25
Insurance / mo$150.00$150.00
MI / mo$103.96$30.96
HOA / mo$0.00$0.00
Total monthly$1,921.41$1,488.58
Cash to close$0$17,200