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$275,321$275,321$345,150
Remaining term (yrs)24.824.830.0
Secondary amount$0$69,829$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.876%7.640%
1st payment$1,305.67$1,305.67$2,389.75
2nd payment$0.00$523.72$0.00
Taxes / mo$372.31$372.31$372.31
Insurance / mo$150.00$150.00$150.00
MI / mo$219.93$219.93$69.03
HOA / mo$100.00$100.00$100.00
Total monthly$2,147.91$2,671.63$3,081.09
Cash to close$108,179$38,350$38,350