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$637,600$585,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$4,304.34$4,050.42
2nd payment$0.00$0.00
Taxes / mo$541.67$541.67
Insurance / mo$166.67$166.67
MI / mo$300.16$117.00
HOA / mo$629.00$629.00
Total monthly$5,941.83$5,504.76
Cash to close$12,400$65,000