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$242,337$242,337$284,400
Remaining term (yrs)7.17.130.0
Secondary amount$0$42,063$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.603%7.560%
1st payment$3,537.21$3,537.21$1,953.63
2nd payment$0.00$315.47$0.00
Taxes / mo$298.17$298.17$298.17
Insurance / mo$150.00$150.00$150.00
MI / mo$140.81$140.81$56.88
HOA / mo$2.75$2.75$2.75
Total monthly$4,128.94$4,444.41$2,461.43
Cash to close$73,663$31,600$31,600