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$12,395$12,395$382,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$370,105$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%7.619%7.640%
1st payment$6,219.77$6,219.77$2,648.35
2nd payment$0.00$2,390.26$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$245.98$245.98$76.50
HOA / mo$495.00$495.00$495.00
Total monthly$7,464.91$9,855.17$3,724.02
Cash to close$412,605$42,500$42,500