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$457,609$457,609$459,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$26,891$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.686%7.640%
1st payment$3,059.20$3,059.20$3,178.02
2nd payment$0.00$266.10$0.00
Taxes / mo$425.00$425.00$425.00
Insurance / mo$166.67$166.67$166.67
MI / mo$213.11$213.11$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,863.98$4,130.09$3,861.49
Cash to close$52,391$25,500$51,000