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$48,730$48,730$175,500
Remaining term (yrs)0.30.330.0
Secondary amount$0$126,770$0
Funding fee$0$0$0
Note rate6.100%6.100%7.320%
Blended rate6.650%7.625%7.560%
1st payment$8,266.79$8,266.79$1,205.56
2nd payment$0.00$845.13$0.00
Taxes / mo$44.25$44.25$44.25
Insurance / mo$150.00$150.00$150.00
MI / mo$44.00$44.00$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$8,505.04$9,350.17$1,434.91
Cash to close$146,270$19,500$19,500