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$494,668$477,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$3,342.24$3,302.65
2nd payment$0.00$0.00
Taxes / mo$307.50$307.50
Insurance / mo$166.67$166.67
MI / mo$235.21$95.40
HOA / mo$93.00$93.00
Total monthly$4,144.62$3,965.22
Cash to close$35,332$53,000