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$200,854$200,854$242,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$42,056$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%4.758%7.640%
1st payment$954.56$954.56$1,681.86
2nd payment$0.00$315.42$0.00
Taxes / mo$201.58$201.58$201.58
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$48.58
HOA / mo$24.00$24.00$24.00
Total monthly$1,490.11$1,805.53$2,106.03
Cash to close$69,046$26,990$26,990