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$200,632$200,632$319,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$118,868$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.494%7.640%
1st payment$997.07$997.07$2,212.15
2nd payment$0.00$792.45$0.00
Taxes / mo$186.63$186.63$186.63
Insurance / mo$150.00$150.00$150.00
MI / mo$164.14$164.14$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,497.84$2,290.29$2,612.68
Cash to close$154,368$35,500$35,500