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$299,423$299,423$310,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$28,327$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%8.152%7.560%
1st payment$2,069.82$2,069.82$2,132.92
2nd payment$0.00$280.32$0.00
Taxes / mo$299.42$299.42$299.42
Insurance / mo$150.00$150.00$150.00
MI / mo$221.49$221.49$62.10
HOA / mo$46.67$46.67$46.67
Total monthly$2,787.39$3,067.71$2,691.11
Cash to close$45,577$17,250$34,500