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$247,720$225,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.240%
Blended rate7.290%7.480%
1st payment$1,648.04$1,533.37
2nd payment$0.00$0.00
Taxes / mo$137.75$137.75
Insurance / mo$150.00$150.00
MI / mo$116.58$45.00
HOA / mo$0.00$0.00
Total monthly$2,052.37$1,866.12
Cash to close$2,280$25,000