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$200,105$200,105$292,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$92,395$0
Funding fee$0$0$0
Note rate3.030%3.030%7.320%
Blended rate3.880%5.497%7.560%
1st payment$978.63$978.63$2,009.27
2nd payment$0.00$692.96$0.00
Taxes / mo$134.00$134.00$134.00
Insurance / mo$150.00$150.00$150.00
MI / mo$163.79$163.79$58.50
HOA / mo$35.00$35.00$35.00
Total monthly$1,461.42$2,154.39$2,386.77
Cash to close$124,895$32,500$32,500