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$563,702$563,702$566,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$33,848$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.757%7.640%
1st payment$3,866.61$3,866.61$3,919.56
2nd payment$0.00$334.95$0.00
Taxes / mo$524.17$524.17$524.17
Insurance / mo$166.67$166.67$166.67
MI / mo$267.45$267.45$113.22
HOA / mo$0.00$0.00$0.00
Total monthly$4,824.90$5,159.85$4,723.62
Cash to close$65,298$31,450$62,900