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$296,317$296,317$315,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$36,183$0
Funding fee$0$0$0
Note rate7.620%7.620%7.400%
Blended rate8.170%8.573%7.640%
1st payment$2,153.37$2,153.37$2,181.00
2nd payment$0.00$358.06$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$139.51$139.51$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,734.55$3,092.61$2,685.66
Cash to close$53,683$17,500$35,000