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$344,671$344,671$350,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$25,734$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.804%7.560%
1st payment$2,333.34$2,333.34$2,410.51
2nd payment$0.00$254.66$0.00
Taxes / mo$468.42$468.42$468.42
Insurance / mo$150.00$150.00$150.00
MI / mo$161.56$161.56$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,113.32$3,367.98$3,099.11
Cash to close$45,229$19,495$38,990