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$200,717$200,717$279,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$78,283$0
Funding fee$0$0$0
Note rate3.125%3.125%7.320%
Blended rate3.975%5.385%7.560%
1st payment$996.17$996.17$1,916.54
2nd payment$0.00$587.13$0.00
Taxes / mo$365.33$365.33$365.33
Insurance / mo$150.00$150.00$150.00
MI / mo$164.72$164.72$55.80
HOA / mo$129.00$129.00$129.00
Total monthly$1,805.23$2,392.35$2,616.67
Cash to close$109,283$31,000$31,000