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$503,766$503,766$521,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$46,284$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%7.996%7.560%
1st payment$3,460.12$3,460.12$3,579.60
2nd payment$0.00$458.02$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$236.22$236.22$104.22
HOA / mo$0.00$0.00$0.00
Total monthly$4,345.51$4,803.53$4,332.98
Cash to close$75,234$28,950$57,900