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$371,306$360,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.770%7.640%
1st payment$2,559.54$2,492.57
2nd payment$0.00$0.00
Taxes / mo$330.75$330.75
Insurance / mo$150.00$150.00
MI / mo$274.72$72.00
HOA / mo$231.00$231.00
Total monthly$3,546.01$3,276.32
Cash to close$28,694$40,000