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$200,950$200,950$1,259,999
Remaining term (yrs)21.021.030.0
Secondary amount$0$1,059,049$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%7.109%7.640%
1st payment$1,057.55$1,057.55$8,723.98
2nd payment$0.00$6,839.69$0.00
Taxes / mo$1,166.67$1,166.67$1,166.67
Insurance / mo$216.67$216.67$216.67
MI / mo$164.38$164.38$252.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,605.26$9,444.95$10,359.31
Cash to close$1,199,049$140,000$140,000