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$253,904$253,904$405,000
Remaining term (yrs)0.80.830.0
Secondary amount$0$151,096$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.386%7.640%
1st payment$23,835.57$23,835.57$2,804.14
2nd payment$0.00$1,007.31$0.00
Taxes / mo$187.25$187.25$187.25
Insurance / mo$150.00$150.00$150.00
MI / mo$126.61$126.61$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$24,299.44$25,306.74$3,222.39
Cash to close$196,096$45,000$45,000