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$120,588$120,588$359,100
Remaining term (yrs)0.20.230.0
Secondary amount$0$238,512$0
Funding fee$0$0$0
Note rate6.230%6.230%7.320%
Blended rate6.780%7.424%7.560%
1st payment$30,539.42$30,539.42$2,466.77
2nd payment$0.00$1,540.39$0.00
Taxes / mo$251.42$251.42$251.42
Insurance / mo$150.00$150.00$150.00
MI / mo$162.43$162.43$71.82
HOA / mo$195.00$195.00$195.00
Total monthly$31,298.27$32,838.66$3,135.00
Cash to close$278,412$39,900$39,900