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$392,541$392,541$396,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$25,459$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.757%7.560%
1st payment$2,665.37$2,665.37$2,720.25
2nd payment$0.00$251.93$0.00
Taxes / mo$459.58$459.58$459.58
Insurance / mo$150.00$150.00$150.00
MI / mo$184.74$184.74$79.20
HOA / mo$234.67$234.67$234.67
Total monthly$3,694.36$3,946.30$3,643.70
Cash to close$47,459$22,000$44,000