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$490,649$490,649$513,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$50,851$0
Funding fee$0$0$0
Note rate7.760%7.760%7.320%
Blended rate8.310%8.645%7.560%
1st payment$3,611.71$3,611.71$3,523.95
2nd payment$0.00$503.22$0.00
Taxes / mo$545.25$545.25$545.25
Insurance / mo$166.67$166.67$166.67
MI / mo$230.84$230.84$102.60
HOA / mo$60.00$60.00$60.00
Total monthly$4,614.46$5,117.68$4,398.47
Cash to close$79,351$28,500$57,000