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$685,524$553,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$4,586.85$3,832.32
2nd payment$0.00$0.00
Taxes / mo$512.50$512.50
Insurance / mo$166.67$166.67
MI / mo$320.84$110.70
HOA / mo$110.00$110.00
Total monthly$5,696.85$4,732.19
Cash to close$0$61,500