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$200,751$200,751$593,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$393,159$0
Funding fee$0$0$0
Note rate8.099%8.099%7.320%
Blended rate8.949%8.155%7.560%
1st payment$1,688.73$1,688.73$4,079.75
2nd payment$0.00$2,539.15$0.00
Taxes / mo$549.92$549.92$549.92
Insurance / mo$166.67$166.67$166.67
MI / mo$161.50$161.50$118.78
HOA / mo$630.00$630.00$630.00
Total monthly$3,196.82$5,735.97$5,545.11
Cash to close$459,149$65,990$65,990