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$200,070$200,070$245,700
Remaining term (yrs)26.526.530.0
Secondary amount$0$45,630$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate6.970%7.347%7.560%
1st payment$1,307.46$1,307.46$1,687.79
2nd payment$0.00$342.22$0.00
Taxes / mo$462.67$462.67$462.67
Insurance / mo$150.00$150.00$150.00
MI / mo$95.60$95.60$49.14
HOA / mo$311.00$311.00$311.00
Total monthly$2,326.73$2,668.95$2,660.60
Cash to close$72,930$27,300$27,300