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$333,706$333,706$349,200
Remaining term (yrs)26.126.130.0
Secondary amount$0$34,894$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%8.159%7.640%
1st payment$2,300.35$2,300.35$2,417.79
2nd payment$0.00$345.31$0.00
Taxes / mo$451.25$451.25$451.25
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$69.84
HOA / mo$0.00$0.00$0.00
Total monthly$3,148.50$3,493.81$3,088.88
Cash to close$54,294$19,400$38,800