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$498,756$498,756$522,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$52,244$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%8.304%7.640%
1st payment$3,485.91$3,485.91$3,614.22
2nd payment$0.00$517.00$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$368.16$368.16$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,504.07$5,021.06$4,368.62
Cash to close$81,244$29,000$58,000