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$508,346$489,600
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$3,227.84$3,363.21
2nd payment$0.00$0.00
Taxes / mo$268.58$268.58
Insurance / mo$166.67$166.67
MI / mo$234.06$97.92
HOA / mo$274.00$274.00
Total monthly$4,171.15$4,170.38
Cash to close$35,654$54,400