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$278,812$278,812$287,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$25,093$0
Funding fee$0$0$0
Note rate6.610%6.610%7.320%
Blended rate7.460%7.825%7.560%
1st payment$1,864.38$1,864.38$1,977.74
2nd payment$0.00$248.32$0.00
Taxes / mo$191.92$191.92$191.92
Insurance / mo$150.00$150.00$150.00
MI / mo$206.56$206.56$57.58
HOA / mo$180.00$180.00$180.00
Total monthly$2,592.86$2,841.18$2,557.24
Cash to close$41,088$15,995$31,990