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$340,213$247,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.320%
Blended rate6.870%7.560%
1st payment$2,207.10$1,700.15
2nd payment$0.00$0.00
Taxes / mo$345.25$345.25
Insurance / mo$150.00$150.00
MI / mo$163.09$49.50
HOA / mo$300.00$300.00
Total monthly$3,165.44$2,544.90
Cash to close$0$27,500