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$310,650$310,650$324,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$31,350$0
Funding fee$0$0$0
Note rate7.180%7.180%7.320%
Blended rate7.730%8.110%7.560%
1st payment$2,171.10$2,171.10$2,225.66
2nd payment$0.00$310.23$0.00
Taxes / mo$403.17$403.17$403.17
Insurance / mo$150.00$150.00$150.00
MI / mo$146.89$146.89$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,871.15$3,181.39$2,843.62
Cash to close$49,350$18,000$36,000