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$376,888$376,888$382,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$26,862$0
Funding fee$0$0$0
Note rate7.080%7.080%7.320%
Blended rate7.930%8.192%7.560%
1st payment$2,634.14$2,634.14$2,627.51
2nd payment$0.00$265.82$0.00
Taxes / mo$478.33$478.33$478.33
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$76.50
HOA / mo$13.00$13.00$13.00
Total monthly$3,553.68$3,819.50$3,345.34
Cash to close$48,112$21,250$42,500