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$350,169$350,169$360,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$29,831$0
Funding fee$0$0$0
Note rate7.220%7.220%7.320%
Blended rate7.770%8.092%7.560%
1st payment$2,437.55$2,437.55$2,472.95
2nd payment$0.00$295.20$0.00
Taxes / mo$152.58$152.58$152.58
Insurance / mo$150.00$150.00$150.00
MI / mo$164.26$164.26$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,904.39$3,199.59$2,847.53
Cash to close$49,831$20,000$40,000