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$522,416$454,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.320%
Blended rate7.050%7.560%
1st payment$3,355.90$3,122.10
2nd payment$0.00$0.00
Taxes / mo$420.83$420.83
Insurance / mo$166.67$166.67
MI / mo$243.35$90.90
HOA / mo$0.00$0.00
Total monthly$4,186.74$3,800.50
Cash to close$0$50,500