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$261,493$261,493$274,950
Remaining term (yrs)27.327.330.0
Secondary amount$0$28,732$0
Funding fee$0$0$0
Note rate7.440%7.440%7.320%
Blended rate7.990%8.375%7.560%
1st payment$1,865.39$1,865.39$1,888.72
2nd payment$0.00$284.33$0.00
Taxes / mo$361.33$361.33$361.33
Insurance / mo$150.00$150.00$150.00
MI / mo$123.00$123.00$54.99
HOA / mo$0.00$0.00$0.00
Total monthly$2,499.72$2,784.05$2,455.04
Cash to close$44,007$15,275$30,550