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$303,415$303,415$334,800
Remaining term (yrs)22.022.030.0
Secondary amount$0$31,385$0
Funding fee$0$0$0
Note rate7.310%7.310%7.320%
Blended rate7.860%7.967%7.560%
1st payment$2,306.91$2,306.91$2,299.84
2nd payment$0.00$235.39$0.00
Taxes / mo$321.17$321.17$321.17
Insurance / mo$150.00$150.00$150.00
MI / mo$145.50$145.50$66.96
HOA / mo$12.33$12.33$12.33
Total monthly$2,935.91$3,171.30$2,850.30
Cash to close$68,585$37,200$37,200