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$113,971$113,971$269,100
Remaining term (yrs)0.80.830.0
Secondary amount$0$155,129$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.598%7.640%
1st payment$10,700.76$10,700.76$1,863.19
2nd payment$0.00$1,034.19$0.00
Taxes / mo$199.29$199.29$199.29
Insurance / mo$150.00$150.00$150.00
MI / mo$56.83$56.83$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$11,106.88$12,141.08$2,266.31
Cash to close$185,029$29,900$29,900