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$281,981$281,981$297,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$31,519$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.670%7.560%
1st payment$1,976.29$1,976.29$2,040.18
2nd payment$0.00$311.91$0.00
Taxes / mo$324.42$324.42$324.42
Insurance / mo$150.00$150.00$150.00
MI / mo$132.31$132.31$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,583.02$2,894.93$2,574.00
Cash to close$48,019$16,500$33,000