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$410,956$410,956$423,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$35,544$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%8.097%7.640%
1st payment$2,871.64$2,871.64$2,928.77
2nd payment$0.00$351.73$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,623.48$3,975.22$3,571.70
Cash to close$59,044$23,500$47,000