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$436,448$436,448$440,550
Remaining term (yrs)27.527.530.0
Secondary amount$0$28,577$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.759%7.560%
1st payment$2,960.54$2,960.54$3,026.27
2nd payment$0.00$282.79$0.00
Taxes / mo$407.92$407.92$407.92
Insurance / mo$166.67$166.67$166.67
MI / mo$205.20$205.20$88.11
HOA / mo$0.00$0.00$0.00
Total monthly$3,740.32$4,023.11$3,688.97
Cash to close$53,052$24,475$48,950