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$501,512$495,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.310%7.400%
Blended rate7.160%7.640%
1st payment$3,254.33$3,427.28
2nd payment$0.00$0.00
Taxes / mo$458.33$458.33
Insurance / mo$166.67$166.67
MI / mo$372.02$99.00
HOA / mo$202.00$202.00
Total monthly$4,453.36$4,353.28
Cash to close$48,488$55,000