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$648,577$504,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$4,192.01$3,489.59
2nd payment$0.00$0.00
Taxes / mo$568.08$568.08
Insurance / mo$166.67$166.67
MI / mo$303.98$100.80
HOA / mo$80.00$80.00
Total monthly$5,310.73$4,405.14
Cash to close$0$56,000