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$200,099$200,099$486,000
Remaining term (yrs)13.413.430.0
Secondary amount$0$285,901$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%6.235%7.560%
1st payment$1,524.66$1,524.66$3,338.48
2nd payment$0.00$1,846.45$0.00
Taxes / mo$212.58$212.58$212.58
Insurance / mo$166.67$166.67$166.67
MI / mo$176.86$176.86$97.20
HOA / mo$54.00$54.00$54.00
Total monthly$2,134.78$3,981.22$3,868.93
Cash to close$339,901$54,000$54,000