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$392,424$392,424$400,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,326$0
Funding fee$0$0$0
Note rate6.880%6.880%7.320%
Blended rate7.430%7.749%7.560%
1st payment$2,649.19$2,649.19$2,751.16
2nd payment$0.00$300.10$0.00
Taxes / mo$459.58$459.58$459.58
Insurance / mo$150.00$150.00$150.00
MI / mo$184.74$184.74$80.10
HOA / mo$234.67$234.67$234.67
Total monthly$3,678.18$3,978.28$3,675.51
Cash to close$52,576$22,250$44,500