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$411,378$411,378$416,700
Remaining term (yrs)27.927.930.0
Secondary amount$0$28,472$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.690%7.560%
1st payment$2,755.24$2,755.24$2,862.44
2nd payment$0.00$281.76$0.00
Taxes / mo$444.07$444.07$444.07
Insurance / mo$166.67$166.67$166.67
MI / mo$192.72$192.72$83.34
HOA / mo$0.00$0.00$0.00
Total monthly$3,558.70$3,840.45$3,556.51
Cash to close$51,622$23,150$46,300