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$413,715$413,715$418,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$28,035$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.660%7.928%7.640%
1st payment$2,819.39$2,819.39$2,897.61
2nd payment$0.00$277.43$0.00
Taxes / mo$144.08$144.08$144.08
Insurance / mo$166.67$166.67$166.67
MI / mo$306.02$306.02$83.70
HOA / mo$40.00$40.00$40.00
Total monthly$3,476.16$3,753.59$3,332.06
Cash to close$51,285$23,250$46,500