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$240,939$220,410
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$1,596.38$1,526.07
2nd payment$0.00$0.00
Taxes / mo$268.33$268.33
Insurance / mo$150.00$150.00
MI / mo$112.46$44.08
HOA / mo$0.00$0.00
Total monthly$2,127.18$1,988.49
Cash to close$3,961$24,490