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$266,167$266,167$306,000
Remaining term (yrs)11.911.930.0
Secondary amount$0$39,833$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.165%7.640%
1st payment$2,632.28$2,632.28$2,118.68
2nd payment$0.00$298.75$0.00
Taxes / mo$318.67$318.67$318.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.91$139.91$61.20
HOA / mo$130.00$130.00$130.00
Total monthly$3,370.85$3,669.60$2,778.55
Cash to close$73,833$34,000$34,000