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$305,876$305,876$320,850
Remaining term (yrs)27.227.230.0
Secondary amount$0$32,799$0
Funding fee$0$0$0
Note rate7.500%7.500%7.400%
Blended rate8.050%8.420%7.640%
1st payment$2,196.27$2,196.27$2,221.50
2nd payment$0.00$324.58$0.00
Taxes / mo$381.92$381.92$381.92
Insurance / mo$150.00$150.00$150.00
MI / mo$143.96$143.96$64.17
HOA / mo$0.00$0.00$0.00
Total monthly$2,872.15$3,196.73$2,817.59
Cash to close$50,624$17,825$35,650