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$200,948$200,948$216,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$27,052$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.318%7.640%
1st payment$1,122.93$1,122.93$1,495.54
2nd payment$0.00$267.71$0.00
Taxes / mo$200.00$200.00$200.00
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$43.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,625.94$1,893.65$1,888.74
Cash to close$39,052$12,000$24,000