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$503,045$503,045$504,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$28,955$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.748%7.640%
1st payment$3,446.91$3,446.91$3,489.59
2nd payment$0.00$286.53$0.00
Taxes / mo$304.83$304.83$304.83
Insurance / mo$166.67$166.67$166.67
MI / mo$238.42$238.42$100.80
HOA / mo$75.00$75.00$75.00
Total monthly$4,231.84$4,518.37$4,136.89
Cash to close$56,955$28,000$56,000