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$64,338$64,338$238,500
Remaining term (yrs)0.90.930.0
Secondary amount$0$174,162$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.744%7.640%
1st payment$6,040.75$6,040.75$1,651.33
2nd payment$0.00$1,161.08$0.00
Taxes / mo$279.50$279.50$279.50
Insurance / mo$150.00$150.00$150.00
MI / mo$32.08$32.08$47.70
HOA / mo$440.00$440.00$440.00
Total monthly$6,942.33$8,103.41$2,568.53
Cash to close$200,662$26,500$26,500