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$488,404$450,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$3,187.43$3,091.19
2nd payment$0.00$0.00
Taxes / mo$511.00$511.00
Insurance / mo$166.67$166.67
MI / mo$231.13$90.00
HOA / mo$215.00$215.00
Total monthly$4,311.23$4,073.85
Cash to close$11,596$50,000