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$446,219$446,219$449,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$28,686$0
Funding fee$0$0$0
Note rate7.060%7.060%7.320%
Blended rate7.610%7.868%7.560%
1st payment$3,056.04$3,056.04$3,090.57
2nd payment$0.00$283.87$0.00
Taxes / mo$205.08$205.08$205.08
Insurance / mo$166.67$166.67$166.67
MI / mo$209.26$209.26$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,637.05$3,920.92$3,552.30
Cash to close$53,681$24,995$49,990