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$325,819$325,819$346,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$39,931$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%8.245%7.640%
1st payment$2,252.29$2,252.29$2,399.10
2nd payment$0.00$395.15$0.00
Taxes / mo$334.67$334.67$334.67
Insurance / mo$150.00$150.00$150.00
MI / mo$241.01$241.01$69.30
HOA / mo$64.00$64.00$64.00
Total monthly$3,041.97$3,437.12$3,017.06
Cash to close$59,181$19,250$38,500