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$200,303$200,303$251,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$50,797$0
Funding fee$0$0$0
Note rate6.020%6.020%7.320%
Blended rate6.870%7.301%7.560%
1st payment$1,268.40$1,268.40$1,724.88
2nd payment$0.00$380.98$0.00
Taxes / mo$174.67$174.67$174.67
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,742.60$2,123.57$2,099.77
Cash to close$78,697$27,900$27,900