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$508,645$508,645$526,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$47,105$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%7.999%7.560%
1st payment$3,524.83$3,524.83$3,616.69
2nd payment$0.00$466.14$0.00
Taxes / mo$344.08$344.08$344.08
Insurance / mo$166.67$166.67$166.67
MI / mo$240.64$240.64$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,276.22$4,742.36$4,232.74
Cash to close$76,355$29,250$58,500