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$218,655$216,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$1,451.58$1,495.54
2nd payment$0.00$0.00
Taxes / mo$147.00$147.00
Insurance / mo$150.00$150.00
MI / mo$102.16$43.20
HOA / mo$150.00$150.00
Total monthly$2,000.74$1,985.74
Cash to close$21,345$24,000