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$310,752$225,900
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.500%7.400%
Blended rate8.050%7.640%
1st payment$2,231.28$1,564.09
2nd payment$0.00$0.00
Taxes / mo$319.08$319.08
Insurance / mo$150.00$150.00
MI / mo$146.26$45.18
HOA / mo$0.00$0.00
Total monthly$2,846.63$2,078.35
Cash to close$0$25,100