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$592,744$592,744$606,600
Remaining term (yrs)26.926.930.0
Secondary amount$0$47,556$0
Funding fee$0$0$0
Note rate6.900%6.900%7.320%
Blended rate7.450%7.779%7.560%
1st payment$4,034.16$4,034.16$4,166.92
2nd payment$0.00$470.60$0.00
Taxes / mo$328.17$328.17$328.17
Insurance / mo$166.67$166.67$166.67
MI / mo$280.75$280.75$121.32
HOA / mo$0.00$0.00$0.00
Total monthly$4,809.73$5,280.34$4,783.07
Cash to close$81,256$33,700$67,400