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$587,810$587,810$584,999
Remaining term (yrs)27.427.430.0
Secondary amount$0$29,689$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.710%7.560%
1st payment$3,999.12$3,999.12$4,018.54
2nd payment$0.00$293.80$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$276.90$276.90$117.00
HOA / mo$264.00$264.00$264.00
Total monthly$5,248.35$5,542.15$5,107.87
Cash to close$62,189$32,500$65,000