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$200,853$200,853$269,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$69,057$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.820%7.640%
1st payment$1,175.95$1,175.95$1,868.80
2nd payment$0.00$517.93$0.00
Taxes / mo$308.94$308.94$308.94
Insurance / mo$150.00$150.00$150.00
MI / mo$151.35$151.35$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,786.24$2,304.17$2,381.72
Cash to close$99,047$29,990$29,990