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$200,500$200,500$380,700
Remaining term (yrs)23.823.830.0
Secondary amount$0$180,200$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.883%7.560%
1st payment$993.28$993.28$2,615.14
2nd payment$0.00$1,201.33$0.00
Taxes / mo$302.00$302.00$302.00
Insurance / mo$150.00$150.00$150.00
MI / mo$164.14$164.14$76.14
HOA / mo$0.00$0.00$0.00
Total monthly$1,609.42$2,810.76$3,143.28
Cash to close$222,500$42,300$42,300