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$70,944$70,944$269,910
Remaining term (yrs)0.40.430.0
Secondary amount$0$198,966$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$10,355.57$10,355.57$1,868.80
2nd payment$0.00$1,326.44$0.00
Taxes / mo$31.17$31.17$31.17
Insurance / mo$150.00$150.00$150.00
MI / mo$55.00$55.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$10,591.74$11,918.18$2,103.95
Cash to close$228,956$29,990$29,990