Dan Frey Home Loans
Call Dan

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$320,440$320,440$350,100
Remaining term (yrs)27.127.130.0
Secondary amount$0$29,660$0
Funding fee$0$0$0
Note rate7.760%7.760%7.320%
Blended rate8.310%8.368%7.560%
1st payment$2,358.78$2,358.78$2,404.94
2nd payment$0.00$222.45$0.00
Taxes / mo$192.67$192.67$192.67
Insurance / mo$150.00$150.00$150.00
MI / mo$150.76$150.76$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,852.21$3,074.66$2,817.63
Cash to close$68,560$38,900$38,900