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$24,659$24,659$238,103
Remaining term (yrs)18.818.830.0
Secondary amount$0$213,444$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%7.433%7.560%
1st payment$152.99$152.99$1,635.60
2nd payment$0.00$1,378.49$0.00
Taxes / mo$230.67$230.67$230.67
Insurance / mo$150.00$150.00$150.00
MI / mo$23.14$23.14$47.62
HOA / mo$324.00$324.00$324.00
Total monthly$880.80$2,259.29$2,387.89
Cash to close$239,900$26,456$26,456