Dan Frey Home Loans
Call Dan

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$315,595$261,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.320%
Blended rate7.270%7.560%
1st payment$2,062.76$1,792.89
2nd payment$0.00$0.00
Taxes / mo$614.58$614.58
Insurance / mo$150.00$150.00
MI / mo$146.21$52.20
HOA / mo$100.00$100.00
Total monthly$3,073.56$2,709.67
Cash to close$0$29,000