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$2,387$2,387$217,800
Remaining term (yrs)17.417.430.0
Secondary amount$0$215,413$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.707%7.640%
1st payment$14.62$14.62$1,508.00
2nd payment$0.00$1,391.21$0.00
Taxes / mo$189.58$189.58$189.58
Insurance / mo$150.00$150.00$150.00
MI / mo$2.06$2.06$43.56
HOA / mo$11.92$11.92$11.92
Total monthly$368.19$1,759.40$1,903.07
Cash to close$239,613$24,200$24,200