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$376,006$376,006$386,999
Remaining term (yrs)26.126.130.0
Secondary amount$0$32,493$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%8.097%7.640%
1st payment$2,591.94$2,591.94$2,679.50
2nd payment$0.00$321.54$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,378.48$3,700.02$3,265.24
Cash to close$53,993$21,500$43,000