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$592,635$540,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.320%
Blended rate8.170%7.560%
1st payment$4,306.74$3,709.43
2nd payment$0.00$0.00
Taxes / mo$500.00$500.00
Insurance / mo$166.67$166.67
MI / mo$279.02$108.00
HOA / mo$0.00$0.00
Total monthly$5,252.43$4,484.09
Cash to close$7,365$60,000