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$388,333$360,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.580%7.400%
Blended rate7.130%7.640%
1st payment$2,502.55$2,492.57
2nd payment$0.00$0.00
Taxes / mo$156.83$156.83
Insurance / mo$150.00$150.00
MI / mo$179.97$72.00
HOA / mo$0.00$0.00
Total monthly$2,989.35$2,871.40
Cash to close$11,667$40,000