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$232,944$232,944$251,100
Remaining term (yrs)27.127.130.0
Secondary amount$0$32,106$0
Funding fee$0$0$0
Note rate7.760%7.760%7.400%
Blended rate8.310%8.742%7.640%
1st payment$1,714.72$1,714.72$1,738.57
2nd payment$0.00$317.71$0.00
Taxes / mo$535.17$535.17$535.17
Insurance / mo$150.00$150.00$150.00
MI / mo$109.60$109.60$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,509.49$2,827.20$2,473.95
Cash to close$46,056$13,950$27,900