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$494,256$450,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.320%
Blended rate7.410%7.560%
1st payment$3,316.84$3,091.19
2nd payment$0.00$0.00
Taxes / mo$388.75$388.75
Insurance / mo$166.67$166.67
MI / mo$231.77$90.00
HOA / mo$33.00$33.00
Total monthly$4,137.02$3,769.60
Cash to close$5,744$50,000