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$516,436$516,436$539,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$53,469$0
Funding fee$0$0$0
Note rate7.180%7.180%7.400%
Blended rate7.730%8.119%7.640%
1st payment$3,609.31$3,609.31$3,738.23
2nd payment$0.00$529.12$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$244.20$244.20$107.98
HOA / mo$340.00$340.00$340.00
Total monthly$4,860.09$5,389.21$4,852.79
Cash to close$83,464$29,995$59,990