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$465,238$465,238$494,998
Remaining term (yrs)27.127.130.0
Secondary amount$0$29,760$0
Funding fee$0$0$0
Note rate7.490%7.490%7.320%
Blended rate8.040%8.098%7.560%
1st payment$3,340.54$3,340.54$3,400.29
2nd payment$0.00$223.20$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$219.19$219.19$99.00
HOA / mo$460.00$460.00$460.00
Total monthly$4,644.73$4,867.93$4,584.29
Cash to close$84,760$55,000$55,000