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$493,699$427,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$3,070.88$2,959.92
2nd payment$0.00$0.00
Taxes / mo$294.58$294.58
Insurance / mo$166.67$166.67
MI / mo$231.77$85.50
HOA / mo$75.00$75.00
Total monthly$3,838.90$3,581.67
Cash to close$0$47,500