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$83,525$83,525$343,890
Remaining term (yrs)2.62.630.0
Secondary amount$0$260,365$0
Funding fee$0$0$0
Note rate4.220%4.220%7.320%
Blended rate5.070%7.099%7.560%
1st payment$2,685.21$2,685.21$2,362.29
2nd payment$0.00$1,681.52$0.00
Taxes / mo$119.08$119.08$119.08
Insurance / mo$150.00$150.00$150.00
MI / mo$138.13$138.13$68.78
HOA / mo$0.00$0.00$0.00
Total monthly$3,092.42$4,773.94$2,700.15
Cash to close$298,575$38,210$38,210