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$282,004$282,004$296,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$30,546$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.770%8.171%7.560%
1st payment$1,943.95$1,943.95$2,034.00
2nd payment$0.00$302.27$0.00
Taxes / mo$351.40$351.40$351.40
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,654.01$2,956.28$2,594.62
Cash to close$46,996$16,450$32,900