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$447,076$447,076$477,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$29,924$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.790%7.866%7.640%
1st payment$3,084.17$3,084.17$3,302.65
2nd payment$0.00$224.43$0.00
Taxes / mo$441.67$441.67$441.67
Insurance / mo$166.67$166.67$166.67
MI / mo$330.36$330.36$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,022.87$4,247.30$4,006.38
Cash to close$82,924$53,000$53,000