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$394,851$394,851$409,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$37,399$0
Funding fee$0$0$0
Note rate7.760%7.760%7.400%
Blended rate8.310%8.618%7.640%
1st payment$2,903.95$2,903.95$2,835.30
2nd payment$0.00$370.09$0.00
Taxes / mo$566.92$566.92$566.92
Insurance / mo$166.67$166.67$166.67
MI / mo$185.60$185.60$81.90
HOA / mo$68.33$68.33$68.33
Total monthly$3,891.47$4,261.56$3,719.11
Cash to close$60,149$22,750$45,500