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$257,703$234,000
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.230%7.400%
Blended rate6.780%7.640%
1st payment$1,587.93$1,620.17
2nd payment$0.00$0.00
Taxes / mo$8.25$8.25
Insurance / mo$150.00$150.00
MI / mo$118.45$46.80
HOA / mo$0.00$0.00
Total monthly$1,864.63$1,825.22
Cash to close$2,297$26,000