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$279,569$279,569$296,550
Remaining term (yrs)27.127.130.0
Secondary amount$0$33,456$0
Funding fee$0$0$0
Note rate7.790%7.790%7.320%
Blended rate8.340%8.718%7.560%
1st payment$2,063.57$2,063.57$2,037.09
2nd payment$0.00$331.08$0.00
Taxes / mo$313.25$313.25$313.25
Insurance / mo$150.00$150.00$150.00
MI / mo$131.51$131.51$59.31
HOA / mo$0.00$0.00$0.00
Total monthly$2,658.34$2,989.42$2,559.65
Cash to close$49,931$16,475$32,950