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$200,424$200,424$313,200
Remaining term (yrs)25.825.830.0
Secondary amount$0$112,776$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.816%7.640%
1st payment$1,186.55$1,186.55$2,168.53
2nd payment$0.00$751.84$0.00
Taxes / mo$83.08$83.08$83.08
Insurance / mo$150.00$150.00$150.00
MI / mo$151.35$151.35$62.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,570.98$2,322.82$2,464.26
Cash to close$147,576$34,800$34,800