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$200,320$200,320$265,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$65,180$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.016%7.640%
1st payment$934.32$934.32$1,838.27
2nd payment$0.00$488.85$0.00
Taxes / mo$235.42$235.42$235.42
Insurance / mo$150.00$150.00$150.00
MI / mo$159.62$159.62$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,479.36$1,968.21$2,276.79
Cash to close$94,680$29,500$29,500