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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$562,130$562,130$557,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$26,775$0
Funding fee$0$0$0
Note rate6.020%6.020%7.400%
Blended rate6.870%7.098%7.640%
1st payment$3,559.62$3,559.62$3,862.86
2nd payment$0.00$264.96$0.00
Taxes / mo$221.33$221.33$221.33
Insurance / mo$166.67$166.67$166.67
MI / mo$419.65$419.65$111.58
HOA / mo$20.83$20.83$20.83
Total monthly$4,388.10$4,653.06$4,383.27
Cash to close$57,770$30,995$61,990