Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

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$200,024$200,024$350,910
Remaining term (yrs)21.921.930.0
Secondary amount$0$150,886$0
Funding fee$0$0$0
Note rate4.530%4.530%7.400%
Blended rate5.380%6.507%7.640%
1st payment$1,198.22$1,198.22$2,429.63
2nd payment$0.00$1,005.91$0.00
Taxes / mo$324.92$324.92$324.92
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,840.06$2,845.97$2,974.73
Cash to close$189,876$38,990$38,990