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$300,241$300,241$314,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$32,164$0
Funding fee$0$0$0
Note rate7.080%7.080%7.320%
Blended rate7.930%8.312%7.560%
1st payment$2,100.73$2,100.73$2,163.21
2nd payment$0.00$318.29$0.00
Taxes / mo$284.58$284.58$284.58
Insurance / mo$150.00$150.00$150.00
MI / mo$221.87$221.87$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,757.18$3,075.47$2,660.78
Cash to close$49,659$17,495$34,990