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$200,951$200,951$755,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$554,149$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.503%7.560%
1st payment$1,295.74$1,295.74$5,187.01
2nd payment$0.00$3,578.88$0.00
Taxes / mo$408.17$408.17$408.17
Insurance / mo$216.67$216.67$216.67
MI / mo$96.25$96.25$151.02
HOA / mo$145.00$145.00$145.00
Total monthly$2,161.82$5,740.70$6,107.87
Cash to close$638,049$83,900$83,900