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$196,873$202,410
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.750%7.400%
Blended rate8.300%7.640%
1st payment$1,450.48$1,401.45
2nd payment$0.00$0.00
Taxes / mo$53.42$53.42
Insurance / mo$150.00$150.00
MI / mo$92.80$40.48
HOA / mo$0.00$0.00
Total monthly$1,746.70$1,645.34
Cash to close$28,027$22,490