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$643,178$540,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$4,341.50$3,738.85
2nd payment$0.00$0.00
Taxes / mo$701.33$701.33
Insurance / mo$166.67$166.67
MI / mo$301.52$108.00
HOA / mo$0.00$0.00
Total monthly$5,511.02$4,714.85
Cash to close$0$60,000