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$567,027$567,027$576,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$40,973$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.470%7.767%7.560%
1st payment$3,827.48$3,827.48$3,956.72
2nd payment$0.00$405.46$0.00
Taxes / mo$768.08$768.08$768.08
Insurance / mo$166.67$166.67$166.67
MI / mo$265.82$265.82$115.20
HOA / mo$45.00$45.00$45.00
Total monthly$5,073.05$5,478.51$5,051.67
Cash to close$72,973$32,000$64,000