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$470,420$470,420$470,610
Remaining term (yrs)26.126.130.0
Secondary amount$0$26,335$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.750%7.969%7.640%
1st payment$3,236.70$3,236.70$3,258.41
2nd payment$0.00$260.61$0.00
Taxes / mo$399.25$399.25$399.25
Insurance / mo$166.67$166.67$166.67
MI / mo$348.11$348.11$94.12
HOA / mo$40.00$40.00$40.00
Total monthly$4,190.73$4,451.34$3,958.45
Cash to close$52,480$26,145$52,290