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$248,532$211,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.240%
Blended rate6.640%7.480%
1st payment$1,539.45$1,441.37
2nd payment$0.00$0.00
Taxes / mo$242.17$242.17
Insurance / mo$150.00$150.00
MI / mo$116.56$42.30
HOA / mo$0.00$0.00
Total monthly$2,048.18$1,875.84
Cash to close$0$23,500