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$268,114$261,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$1,806.35$1,807.11
2nd payment$0.00$0.00
Taxes / mo$329.33$329.33
Insurance / mo$150.00$150.00
MI / mo$125.96$52.20
HOA / mo$0.00$0.00
Total monthly$2,411.65$2,338.64
Cash to close$21,886$29,000