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$489,921$489,921$494,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$32,484$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.678%7.560%
1st payment$3,281.29$3,281.29$3,399.69
2nd payment$0.00$321.46$0.00
Taxes / mo$155.17$155.17$155.17
Insurance / mo$166.67$166.67$166.67
MI / mo$229.52$229.52$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,832.64$4,154.10$3,820.50
Cash to close$59,979$27,495$54,990