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$399,091$399,091$404,820
Remaining term (yrs)26.326.330.0
Secondary amount$0$28,219$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.350%7.649%7.640%
1st payment$2,637.63$2,637.63$2,802.89
2nd payment$0.00$279.25$0.00
Taxes / mo$16.17$16.17$16.17
Insurance / mo$150.00$150.00$150.00
MI / mo$295.59$295.59$80.96
HOA / mo$0.00$0.00$0.00
Total monthly$3,099.39$3,378.64$3,050.02
Cash to close$50,709$22,490$44,980