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$0$0$40,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$40,500$0
Funding fee$0$0$0
Note rate8.840%8.840%7.400%
Blended rate9.690%9.000%7.640%
1st payment$298.62$298.62$280.41
2nd payment$0.00$303.75$0.00
Taxes / mo$39.25$39.25$39.25
Insurance / mo$150.00$150.00$150.00
MI / mo$26.67$26.67$8.10
HOA / mo$0.00$0.00$0.00
Total monthly$514.53$818.28$477.76
Cash to close$45,000$4,500$4,500