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$478,221$478,221$481,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$30,029$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.533%7.640%
1st payment$3,202.92$3,202.92$3,333.81
2nd payment$0.00$297.16$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$227.27$227.27$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,042.69$4,339.85$4,042.61
Cash to close$56,779$26,750$53,500