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$200,353$200,353$265,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$65,147$0
Funding fee$0$0$0
Note rate2.700%2.700%7.320%
Blended rate3.550%4.887%7.560%
1st payment$932.28$932.28$1,823.80
2nd payment$0.00$488.60$0.00
Taxes / mo$374.25$374.25$374.25
Insurance / mo$150.00$150.00$150.00
MI / mo$162.81$162.81$53.10
HOA / mo$50.00$50.00$50.00
Total monthly$1,669.34$2,157.95$2,451.15
Cash to close$94,647$29,500$29,500