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$343,713$343,713$351,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$26,787$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%8.067%7.640%
1st payment$2,404.09$2,404.09$2,430.25
2nd payment$0.00$265.08$0.00
Taxes / mo$323.08$323.08$323.08
Insurance / mo$150.00$150.00$150.00
MI / mo$162.01$162.01$70.20
HOA / mo$82.00$82.00$82.00
Total monthly$3,121.18$3,386.27$3,055.54
Cash to close$46,287$19,500$39,000