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$595,238$595,238$593,999
Remaining term (yrs)27.527.530.0
Secondary amount$0$31,761$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.712%7.640%
1st payment$4,037.65$4,037.65$4,112.73
2nd payment$0.00$314.30$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$279.85$279.85$118.80
HOA / mo$264.00$264.00$264.00
Total monthly$5,298.17$5,612.47$5,212.20
Cash to close$64,761$33,000$66,000