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$498,616$498,616$508,455
Remaining term (yrs)26.126.130.0
Secondary amount$0$38,086$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%8.089%7.640%
1st payment$3,446.78$3,446.78$3,520.44
2nd payment$0.00$376.90$0.00
Taxes / mo$307.08$307.08$307.08
Insurance / mo$166.67$166.67$166.67
MI / mo$368.83$368.83$101.69
HOA / mo$85.00$85.00$85.00
Total monthly$4,374.36$4,751.26$4,180.88
Cash to close$66,334$28,248$56,495