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$115,984$115,984$269,550
Remaining term (yrs)0.40.430.0
Secondary amount$0$153,566$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.415%7.640%
1st payment$16,907.27$16,907.27$1,866.31
2nd payment$0.00$1,023.77$0.00
Taxes / mo$249.58$249.58$249.58
Insurance / mo$150.00$150.00$150.00
MI / mo$89.99$89.99$53.91
HOA / mo$0.00$0.00$0.00
Total monthly$17,396.84$18,420.61$2,319.80
Cash to close$183,516$29,950$29,950