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$0$0$166,500
Remaining term (yrs)0.00.030.0
Secondary amount$0$166,500$0
Funding fee$0$0$0
Note rate6.100%6.100%7.320%
Blended rate6.650%8.000%7.560%
1st payment$5,166.74$5,166.74$1,143.74
2nd payment$0.00$1,110.00$0.00
Taxes / mo$40.58$40.58$40.58
Insurance / mo$150.00$150.00$150.00
MI / mo$27.50$27.50$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$5,384.83$6,494.83$1,367.62
Cash to close$185,000$18,500$18,500