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$381,370$381,370$396,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$36,630$0
Funding fee$0$0$0
Note rate7.490%7.490%7.400%
Blended rate8.040%8.376%7.640%
1st payment$2,743.51$2,743.51$2,741.82
2nd payment$0.00$362.49$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$180.01$180.01$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,184.86$3,547.34$3,082.36
Cash to close$58,630$22,000$44,000