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$490,685$400,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$2,965.46$2,772.98
2nd payment$0.00$0.00
Taxes / mo$576.83$576.83
Insurance / mo$150.00$150.00
MI / mo$369.13$80.10
HOA / mo$174.00$174.00
Total monthly$4,235.42$3,753.91
Cash to close$0$44,500