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$568,075$568,075$567,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,425$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.419%7.560%
1st payment$3,742.78$3,742.78$3,894.90
2nd payment$0.00$301.08$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$267.77$267.77$113.40
HOA / mo$135.00$135.00$135.00
Total monthly$4,837.21$5,138.29$4,834.96
Cash to close$61,925$31,500$63,000