Dan Frey Home Loans
Call Dan

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$418,830$418,830$432,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$37,170$0
Funding fee$0$0$0
Note rate7.080%7.080%7.320%
Blended rate7.930%8.252%7.560%
1st payment$2,930.48$2,930.48$2,967.54
2nd payment$0.00$367.83$0.00
Taxes / mo$207.58$207.58$207.58
Insurance / mo$166.67$166.67$166.67
MI / mo$309.50$309.50$86.40
HOA / mo$55.00$55.00$55.00
Total monthly$3,669.23$4,037.06$3,483.19
Cash to close$61,170$24,000$48,000