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$200,339$200,339$252,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$51,661$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.810%7.640%
1st payment$937.57$937.57$1,744.80
2nd payment$0.00$387.46$0.00
Taxes / mo$113.17$113.17$113.17
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,360.70$1,748.16$2,058.36
Cash to close$79,661$28,000$28,000