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$47,070$47,070$71,910
Remaining term (yrs)9.89.830.0
Secondary amount$0$28,835$0
Funding fee$0$0$0
Note rate9.200%9.200%7.400%
Blended rate10.050%10.743%7.640%
1st payment$604.46$604.46$497.89
2nd payment$0.00$285.34$0.00
Taxes / mo$145.33$145.33$145.33
Insurance / mo$150.00$150.00$150.00
MI / mo$52.28$52.28$14.38
HOA / mo$0.00$0.00$0.00
Total monthly$952.07$1,237.41$807.61
Cash to close$32,830$3,995$7,990