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$200,556$200,556$288,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$87,444$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%5.845%7.560%
1st payment$1,057.09$1,057.09$1,978.36
2nd payment$0.00$655.83$0.00
Taxes / mo$286.42$286.42$286.42
Insurance / mo$150.00$150.00$150.00
MI / mo$164.29$164.29$57.60
HOA / mo$270.00$270.00$270.00
Total monthly$1,927.79$2,583.62$2,742.38
Cash to close$119,444$32,000$32,000