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$286,665$286,665$301,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$31,585$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%8.376%7.640%
1st payment$2,046.87$2,046.87$2,087.53
2nd payment$0.00$312.56$0.00
Taxes / mo$59.83$59.83$59.83
Insurance / mo$150.00$150.00$150.00
MI / mo$134.96$134.96$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,391.67$2,704.23$2,357.66
Cash to close$48,335$16,750$33,500