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$365,430$365,430$372,240
Remaining term (yrs)27.827.830.0
Secondary amount$0$27,490$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.806%7.560%
1st payment$2,473.88$2,473.88$2,557.03
2nd payment$0.00$272.03$0.00
Taxes / mo$300.33$300.33$300.33
Insurance / mo$150.00$150.00$150.00
MI / mo$171.29$171.29$74.45
HOA / mo$0.00$0.00$0.00
Total monthly$3,095.50$3,367.54$3,081.81
Cash to close$48,170$20,680$41,360