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$513,979$513,979$511,110
Remaining term (yrs)27.927.930.0
Secondary amount$0$25,526$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.631%7.560%
1st payment$3,449.15$3,449.15$3,510.97
2nd payment$0.00$252.61$0.00
Taxes / mo$473.25$473.25$473.25
Insurance / mo$166.67$166.67$166.67
MI / mo$240.77$240.77$102.22
HOA / mo$0.00$0.00$0.00
Total monthly$4,329.83$4,582.44$4,253.11
Cash to close$53,921$28,395$56,790