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$496,841$496,841$495,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$25,659$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.553%7.640%
1st payment$3,298.35$3,298.35$3,427.28
2nd payment$0.00$253.92$0.00
Taxes / mo$106.83$106.83$106.83
Insurance / mo$166.67$166.67$166.67
MI / mo$232.36$232.36$99.00
HOA / mo$51.00$51.00$51.00
Total monthly$3,855.22$4,109.13$3,850.78
Cash to close$53,159$27,500$55,000