Dan Frey Home Loans
Call Dan

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$506,191$450,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,258.25$3,115.71
2nd payment$0.00$0.00
Taxes / mo$466.67$466.67
Insurance / mo$166.67$166.67
MI / mo$236.27$90.00
HOA / mo$65.00$65.00
Total monthly$4,192.85$3,904.04
Cash to close$0$50,000