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$489,729$477,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$3,283.57$3,302.65
2nd payment$0.00$0.00
Taxes / mo$123.00$123.00
Insurance / mo$166.67$166.67
MI / mo$230.38$95.40
HOA / mo$0.00$0.00
Total monthly$3,803.61$3,687.72
Cash to close$40,271$53,000