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$337,148$337,148$526,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$189,352$0
Funding fee$1,686$1,686$0
Note rate2.890%2.890%7.320%
Blended rate2.890%4.728%7.560%
1st payment$1,616.78$1,616.78$3,616.69
2nd payment$0.00$1,262.35$0.00
Taxes / mo$449.75$449.75$449.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$44.00$44.00$44.00
Total monthly$2,277.20$3,539.55$4,382.41
Cash to close$247,852$58,500$58,500