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$479,868$479,868$494,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$42,537$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%7.985%7.560%
1st payment$3,295.98$3,295.98$3,399.69
2nd payment$0.00$420.94$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$225.02$225.02$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,145.92$4,566.85$4,123.59
Cash to close$70,032$27,495$54,990