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$200,247$200,247$310,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$110,253$0
Funding fee$0$0$0
Note rate2.720%2.720%7.320%
Blended rate3.570%5.143%7.560%
1st payment$938.33$938.33$2,132.92
2nd payment$0.00$735.02$0.00
Taxes / mo$282.25$282.25$282.25
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,534.02$2,269.04$2,627.27
Cash to close$144,753$34,500$34,500