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$200,959$200,959$323,910
Remaining term (yrs)21.521.530.0
Secondary amount$0$122,951$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.438%7.640%
1st payment$1,054.11$1,054.11$2,242.69
2nd payment$0.00$819.68$0.00
Taxes / mo$365.33$365.33$365.33
Insurance / mo$150.00$150.00$150.00
MI / mo$165.28$165.28$64.78
HOA / mo$410.00$410.00$410.00
Total monthly$2,144.72$2,964.40$3,232.80
Cash to close$158,941$35,990$35,990