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$505,656$423,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$3,610.53$2,928.77
2nd payment$0.00$0.00
Taxes / mo$391.67$391.67
Insurance / mo$166.67$166.67
MI / mo$238.07$84.60
HOA / mo$600.00$600.00
Total monthly$5,006.93$4,171.70
Cash to close$0$47,000