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$291,954$291,954$310,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$35,796$0
Funding fee$0$0$0
Note rate7.630%7.630%7.400%
Blended rate8.180%8.584%7.640%
1st payment$2,125.56$2,125.56$2,149.84
2nd payment$0.00$354.23$0.00
Taxes / mo$143.08$143.08$143.08
Insurance / mo$150.00$150.00$150.00
MI / mo$137.57$137.57$62.10
HOA / mo$33.33$33.33$33.33
Total monthly$2,589.55$2,943.78$2,538.35
Cash to close$53,046$17,250$34,500