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$409,425$409,425$413,550
Remaining term (yrs)27.127.130.0
Secondary amount$0$27,100$0
Funding fee$0$0$0
Note rate6.900%6.900%7.320%
Blended rate7.450%7.725%7.560%
1st payment$2,780.68$2,780.68$2,840.80
2nd payment$0.00$268.18$0.00
Taxes / mo$382.92$382.92$382.92
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$82.71
HOA / mo$0.00$0.00$0.00
Total monthly$3,523.78$3,791.96$3,473.09
Cash to close$50,075$22,975$45,950