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$279,767$279,767$296,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$33,638$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.889%7.640%
1st payment$2,020.75$2,020.75$2,055.74
2nd payment$0.00$332.88$0.00
Taxes / mo$93.00$93.00$93.00
Insurance / mo$150.00$150.00$150.00
MI / mo$132.71$132.71$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,396.46$2,729.34$2,358.13
Cash to close$50,133$16,495$32,990