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$200,442$200,442$224,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$36,963$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.142%7.640%
1st payment$966.56$966.56$1,557.23
2nd payment$0.00$365.78$0.00
Taxes / mo$80.23$80.23$80.23
Insurance / mo$150.00$150.00$150.00
MI / mo$161.36$161.36$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,358.14$1,723.92$1,832.45
Cash to close$49,458$12,495$24,990