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$342,619$342,619$351,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$27,881$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.829%7.560%
1st payment$2,333.35$2,333.35$2,411.13
2nd payment$0.00$275.90$0.00
Taxes / mo$66.33$66.33$66.33
Insurance / mo$150.00$150.00$150.00
MI / mo$161.56$161.56$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,711.24$2,987.14$2,697.66
Cash to close$47,381$19,500$39,000