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$207,698$207,698$421,020
Remaining term (yrs)1.11.130.0
Secondary amount$0$213,322$0
Funding fee$0$0$0
Note rate5.625%5.625%7.400%
Blended rate6.175%6.973%7.640%
1st payment$14,371.42$14,371.42$2,915.06
2nd payment$0.00$1,377.71$0.00
Taxes / mo$34.08$34.08$34.08
Insurance / mo$166.67$166.67$166.67
MI / mo$149.19$149.19$84.20
HOA / mo$15.00$15.00$15.00
Total monthly$14,736.36$16,114.06$3,215.01
Cash to close$260,102$46,780$46,780