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$463,410$463,410$468,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,590$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.611%7.560%
1st payment$3,098.22$3,098.22$3,214.84
2nd payment$0.00$302.71$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$218.27$218.27$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,916.49$4,219.20$3,908.44
Cash to close$56,590$26,000$52,000