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$200,518$200,518$287,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$87,392$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.183%7.640%
1st payment$932.24$932.24$1,993.43
2nd payment$0.00$655.44$0.00
Taxes / mo$282.45$282.45$282.45
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,528.13$2,183.57$2,483.46
Cash to close$119,382$31,990$31,990