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$200,019$200,019$395,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$195,891$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.848%7.640%
1st payment$959.19$959.19$2,741.20
2nd payment$0.00$1,305.94$0.00
Taxes / mo$366.58$366.58$366.58
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,639.21$2,945.15$3,336.97
Cash to close$239,881$43,990$43,990