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
Current Market Conventional
New · Conventional
Loan amount$1,130,367$702,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$7,261.25$4,860.51
2nd payment$0.00$0.00
Taxes / mo$650.00$650.00
Insurance / mo$216.67$216.67
MI / mo$526.54$140.40
HOA / mo$0.00$0.00
Total monthly$8,654.45$5,867.57
Cash to close$0$78,000