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$398,203$398,203$405,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$29,297$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.800%7.560%
1st payment$2,677.82$2,677.82$2,782.07
2nd payment$0.00$289.92$0.00
Taxes / mo$453.33$453.33$453.33
Insurance / mo$150.00$150.00$150.00
MI / mo$185.41$185.41$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,466.57$3,756.49$3,466.40
Cash to close$51,797$22,500$45,000