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$77,920$77,920$697,500
Remaining term (yrs)1.01.030.0
Secondary amount$0$619,580$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%7.306%7.640%
1st payment$5,668.16$5,668.16$4,829.35
2nd payment$0.00$4,001.46$0.00
Taxes / mo$346.00$346.00$346.00
Insurance / mo$216.67$216.67$216.67
MI / mo$304.58$304.58$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$6,535.41$10,536.87$5,531.52
Cash to close$697,080$77,500$77,500