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$360,157$360,157$386,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$26,753$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.770%7.855%7.560%
1st payment$2,482.69$2,482.69$2,657.80
2nd payment$0.00$200.65$0.00
Taxes / mo$464.25$464.25$464.25
Insurance / mo$150.00$150.00$150.00
MI / mo$266.48$266.48$77.38
HOA / mo$495.00$495.00$495.00
Total monthly$3,858.41$4,059.06$3,844.44
Cash to close$69,743$42,990$42,990