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$598,782$598,782$603,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$37,718$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.675%7.640%
1st payment$4,018.29$4,018.29$4,175.05
2nd payment$0.00$373.25$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$280.78$280.78$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$5,024.07$5,397.32$5,020.65
Cash to close$71,218$33,500$67,000