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$39,053$39,053$603,000
Remaining term (yrs)0.00.030.0
Secondary amount$0$563,947$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.705%7.640%
1st payment$39,264.87$39,264.87$4,175.05
2nd payment$0.00$3,642.16$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$208.54$208.54$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$40,198.41$43,840.57$5,020.65
Cash to close$630,947$67,000$67,000