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$347,904$347,904$382,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$34,596$0
Funding fee$0$0$0
Note rate7.750%7.750%7.320%
Blended rate8.300%8.363%7.560%
1st payment$2,558.61$2,558.61$2,627.51
2nd payment$0.00$259.47$0.00
Taxes / mo$417.17$417.17$417.17
Insurance / mo$150.00$150.00$150.00
MI / mo$163.69$163.69$76.50
HOA / mo$25.17$25.17$25.17
Total monthly$3,314.64$3,574.11$3,296.35
Cash to close$77,096$42,500$42,500