Dan Frey Home Loans
Call Dan

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$421,856$346,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.320%
Blended rate6.080%7.560%
1st payment$2,483.64$2,380.21
2nd payment$0.00$0.00
Taxes / mo$167.25$167.25
Insurance / mo$150.00$150.00
MI / mo$319.30$69.30
HOA / mo$230.00$230.00
Total monthly$3,350.20$2,996.76
Cash to close$0$38,500