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$303,599$303,599$732,600
Remaining term (yrs)24.324.330.0
Secondary amount$0$429,001$0
Funding fee$1,518$1,518$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.686%7.640%
1st payment$1,426.93$1,426.93$5,072.37
2nd payment$0.00$2,770.63$0.00
Taxes / mo$454.42$454.42$454.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.52
HOA / mo$50.00$50.00$50.00
Total monthly$2,148.01$4,918.64$5,939.98
Cash to close$510,401$81,400$81,400