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$406,219$406,219$413,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$30,686$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%7.937%7.560%
1st payment$2,815.03$2,815.03$2,843.27
2nd payment$0.00$303.67$0.00
Taxes / mo$254.83$254.83$254.83
Insurance / mo$166.67$166.67$166.67
MI / mo$192.18$192.18$82.78
HOA / mo$68.00$68.00$68.00
Total monthly$3,496.71$3,800.38$3,415.56
Cash to close$53,681$22,995$45,990