Dan Frey Home Loans
Call Dan

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$628,002$628,002$630,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$36,998$0
Funding fee$0$0$0
Note rate7.620%7.620%7.320%
Blended rate8.170%8.376%7.560%
1st payment$4,563.76$4,563.76$4,327.66
2nd payment$0.00$366.13$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$295.67$295.67$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,609.43$5,975.56$5,203.66
Cash to close$71,998$35,000$70,000