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 · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$338,216$338,216$526,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$188,284$0
Funding fee$1,691$1,691$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.705%7.640%
1st payment$1,581.08$1,581.08$3,645.38
2nd payment$0.00$1,255.23$0.00
Taxes / mo$180.83$180.83$180.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,928.58$3,183.81$4,098.18
Cash to close$246,784$58,500$58,500