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$516,998$516,998$517,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$29,252$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.602%7.640%
1st payment$3,492.20$3,492.20$3,583.07
2nd payment$0.00$289.48$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$245.27$245.27$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,383.30$4,672.78$4,332.40
Cash to close$58,002$28,750$57,500