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$548,199$548,199$571,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$55,051$0
Funding fee$0$0$0
Note rate7.310%7.310%7.400%
Blended rate7.860%8.226%7.640%
1st payment$3,874.47$3,874.47$3,956.95
2nd payment$0.00$544.77$0.00
Taxes / mo$643.75$643.75$643.75
Insurance / mo$166.67$166.67$166.67
MI / mo$258.77$258.77$114.30
HOA / mo$40.33$40.33$40.33
Total monthly$4,983.98$5,528.75$4,922.00
Cash to close$86,801$31,750$63,500