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$121,263$121,263$220,500
Remaining term (yrs)2.52.530.0
Secondary amount$0$99,237$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.928%7.640%
1st payment$4,137.62$4,137.62$1,526.70
2nd payment$0.00$744.27$0.00
Taxes / mo$190.25$190.25$190.25
Insurance / mo$150.00$150.00$150.00
MI / mo$61.88$61.88$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,539.74$5,284.01$1,911.05
Cash to close$123,737$24,500$24,500