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$410,557$410,557$423,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$35,943$0
Funding fee$0$0$0
Note rate7.220%7.220%7.320%
Blended rate7.770%8.100%7.560%
1st payment$2,871.64$2,871.64$2,905.72
2nd payment$0.00$355.68$0.00
Taxes / mo$214.00$214.00$214.00
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$84.60
HOA / mo$40.00$40.00$40.00
Total monthly$3,485.82$3,841.50$3,410.98
Cash to close$59,443$23,500$47,000