Dan Frey Home Loans
Call Dan

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$277,348$277,348$292,410
Remaining term (yrs)26.126.130.0
Secondary amount$0$31,307$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.790%8.204%7.640%
1st payment$1,915.43$1,915.43$2,024.59
2nd payment$0.00$309.81$0.00
Taxes / mo$231.25$231.25$231.25
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,501.85$2,811.67$2,464.32
Cash to close$47,552$16,245$32,490