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$107,626$107,626$234,000
Remaining term (yrs)0.40.430.0
Secondary amount$0$126,374$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.374%7.640%
1st payment$15,688.84$15,688.84$1,620.17
2nd payment$0.00$842.49$0.00
Taxes / mo$36.00$36.00$36.00
Insurance / mo$150.00$150.00$150.00
MI / mo$83.51$83.51$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$15,958.35$16,800.84$1,852.97
Cash to close$152,374$26,000$26,000