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$325,653$325,653$337,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$30,597$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%8.269%7.640%
1st payment$2,278.53$2,278.53$2,336.78
2nd payment$0.00$302.79$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$240.64$240.64$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,981.68$3,284.46$2,866.78
Cash to close$49,347$18,750$37,500