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$305,780$305,780$328,050
Remaining term (yrs)27.127.130.0
Secondary amount$0$40,495$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%8.603%7.640%
1st payment$2,222.14$2,222.14$2,271.35
2nd payment$0.00$400.73$0.00
Taxes / mo$313.84$313.84$313.84
Insurance / mo$150.00$150.00$150.00
MI / mo$143.96$143.96$65.61
HOA / mo$0.00$0.00$0.00
Total monthly$2,829.94$3,230.68$2,800.80
Cash to close$58,720$18,225$36,450