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$366,195$342,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.350%7.640%
1st payment$2,420.22$2,367.94
2nd payment$0.00$0.00
Taxes / mo$221.25$221.25
Insurance / mo$150.00$150.00
MI / mo$271.22$68.40
HOA / mo$322.00$322.00
Total monthly$3,384.69$3,129.59
Cash to close$13,805$38,000