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$81,319$81,319$121,410
Remaining term (yrs)10.210.230.0
Secondary amount$0$40,091$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate7.220%7.808%7.560%
1st payment$896.82$896.82$834.00
2nd payment$0.00$300.68$0.00
Taxes / mo$82.42$82.42$82.42
Insurance / mo$150.00$150.00$150.00
MI / mo$101.88$101.88$24.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,231.12$1,531.80$1,090.70
Cash to close$53,581$13,490$13,490