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$310,434$310,434$571,500
Remaining term (yrs)0.50.530.0
Secondary amount$0$261,066$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.147%7.640%
1st payment$39,695.70$39,695.70$3,956.95
2nd payment$0.00$1,686.05$0.00
Taxes / mo$529.17$529.17$529.17
Insurance / mo$166.67$166.67$166.67
MI / mo$211.29$211.29$114.30
HOA / mo$420.00$420.00$420.00
Total monthly$41,022.82$42,708.87$5,187.08
Cash to close$324,566$63,500$63,500