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$200,182$200,182$221,310
Remaining term (yrs)24.824.830.0
Secondary amount$0$33,423$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.964%7.560%
1st payment$947.26$947.26$1,520.25
2nd payment$0.00$330.75$0.00
Taxes / mo$250.17$250.17$250.17
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$44.26
HOA / mo$285.00$285.00$285.00
Total monthly$1,792.39$2,123.14$2,249.67
Cash to close$45,718$12,295$24,590