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$701,862$531,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.660%7.400%
Blended rate6.510%7.640%
1st payment$4,295.22$3,676.54
2nd payment$0.00$0.00
Taxes / mo$491.67$491.67
Insurance / mo$166.67$166.67
MI / mo$526.50$106.20
HOA / mo$0.00$0.00
Total monthly$5,480.05$4,441.07
Cash to close$0$59,000