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$271,550$260,910
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.500%7.400%
Blended rate8.050%7.640%
1st payment$1,949.80$1,806.49
2nd payment$0.00$0.00
Taxes / mo$172.50$172.50
Insurance / mo$150.00$150.00
MI / mo$127.81$52.18
HOA / mo$0.00$0.00
Total monthly$2,400.11$2,181.17
Cash to close$18,350$28,990