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$211,574$211,574$279,000
Remaining term (yrs)12.612.630.0
Secondary amount$0$67,426$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.476%7.640%
1st payment$2,030.90$2,030.90$1,931.74
2nd payment$0.00$505.70$0.00
Taxes / mo$258.33$258.33$258.33
Insurance / mo$150.00$150.00$150.00
MI / mo$107.26$107.26$55.80
HOA / mo$14.00$14.00$14.00
Total monthly$2,560.49$3,066.19$2,409.87
Cash to close$98,426$31,000$31,000