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$310,194$310,194$400,500
Remaining term (yrs)0.90.930.0
Secondary amount$0$90,306$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.435%7.640%
1st payment$29,114.17$29,114.17$2,772.98
2nd payment$0.00$677.29$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$154.69$154.69$80.10
HOA / mo$402.00$402.00$402.00
Total monthly$30,191.69$30,868.98$3,775.91
Cash to close$134,806$44,500$44,500