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$715,002$540,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$4,609.26$3,738.85
2nd payment$0.00$0.00
Taxes / mo$269.25$269.25
Insurance / mo$166.67$166.67
MI / mo$342.02$108.00
HOA / mo$120.00$120.00
Total monthly$5,507.20$4,402.77
Cash to close$0$60,000