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$65,802$65,802$161,910
Remaining term (yrs)2.92.930.0
Secondary amount$0$96,108$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate6.740%8.082%7.640%
1st payment$1,949.16$1,949.16$1,121.03
2nd payment$0.00$720.81$0.00
Taxes / mo$38.00$38.00$38.00
Insurance / mo$150.00$150.00$150.00
MI / mo$94.85$94.85$32.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,232.02$2,952.82$1,341.41
Cash to close$114,098$17,990$17,990