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$247,050$216,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.000%7.320%
Blended rate5.850%7.560%
1st payment$1,423.16$1,483.77
2nd payment$0.00$0.00
Taxes / mo$170.08$170.08
Insurance / mo$150.00$150.00
MI / mo$187.79$43.20
HOA / mo$0.00$0.00
Total monthly$1,931.03$1,847.05
Cash to close$0$24,000