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$200,216$200,216$269,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$68,884$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.183%7.560%
1st payment$960.15$960.15$1,848.53
2nd payment$0.00$516.63$0.00
Taxes / mo$394.08$394.08$394.08
Insurance / mo$150.00$150.00$150.00
MI / mo$160.90$160.90$53.82
HOA / mo$388.00$388.00$388.00
Total monthly$2,053.14$2,569.77$2,834.43
Cash to close$98,784$29,900$29,900