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$329,076$329,076$351,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$41,424$0
Funding fee$0$0$0
Note rate7.570%7.570%7.400%
Blended rate8.120%8.540%7.640%
1st payment$2,384.85$2,384.85$2,430.25
2nd payment$0.00$409.92$0.00
Taxes / mo$97.67$97.67$97.67
Insurance / mo$150.00$150.00$150.00
MI / mo$155.26$155.26$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,787.78$3,197.71$2,748.12
Cash to close$60,924$19,500$39,000