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$200,826$200,826$306,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$105,174$0
Funding fee$0$0$0
Note rate2.870%2.870%7.240%
Blended rate3.720%5.191%7.480%
1st payment$936.68$936.68$2,085.38
2nd payment$0.00$701.16$0.00
Taxes / mo$514.17$514.17$514.17
Insurance / mo$150.00$150.00$150.00
MI / mo$160.02$160.02$61.20
HOA / mo$10.42$10.42$10.42
Total monthly$1,771.29$2,472.45$2,821.17
Cash to close$139,174$34,000$34,000