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$426,098$426,098$432,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$29,902$0
Funding fee$0$0$0
Note rate7.790%7.790%7.400%
Blended rate8.340%8.572%7.640%
1st payment$3,142.37$3,142.37$2,991.08
2nd payment$0.00$295.91$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$200.26$200.26$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,909.30$4,205.21$3,644.15
Cash to close$53,902$24,000$48,000