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$265,030$265,030$415,800
Remaining term (yrs)9.59.530.0
Secondary amount$0$150,770$0
Funding fee$0$0$0
Note rate6.510%6.510%7.400%
Blended rate7.360%7.592%7.640%
1st payment$3,084.54$3,084.54$2,878.92
2nd payment$0.00$1,005.13$0.00
Taxes / mo$385.00$385.00$385.00
Insurance / mo$166.67$166.67$166.67
MI / mo$345.31$345.31$83.16
HOA / mo$89.00$89.00$89.00
Total monthly$4,070.52$5,075.65$3,602.74
Cash to close$196,970$46,200$46,200