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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$484,235$484,235$490,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$33,515$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.660%7.933%7.640%
1st payment$3,299.97$3,299.97$3,396.12
2nd payment$0.00$331.66$0.00
Taxes / mo$554.50$554.50$554.50
Insurance / mo$166.67$166.67$166.67
MI / mo$358.18$358.18$98.10
HOA / mo$50.00$50.00$50.00
Total monthly$4,429.32$4,760.98$4,265.39
Cash to close$60,765$27,250$54,500