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$254,122$254,122$269,999
Remaining term (yrs)26.126.130.0
Secondary amount$0$30,877$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%8.357%7.640%
1st payment$1,778.04$1,778.04$1,869.42
2nd payment$0.00$305.56$0.00
Taxes / mo$145.25$145.25$145.25
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,261.08$2,566.64$2,218.67
Cash to close$45,877$15,000$30,000