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$200,071$200,071$359,910
Remaining term (yrs)18.318.330.0
Secondary amount$0$159,839$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.532%7.640%
1st payment$1,150.93$1,150.93$2,491.94
2nd payment$0.00$1,065.59$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$150.00$150.00$150.00
MI / mo$172.47$172.47$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,952.57$3,018.16$3,193.09
Cash to close$199,829$39,990$39,990