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$321,068$321,068$450,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$128,932$0
Funding fee$1,605$1,605$0
Note rate2.770%2.770%7.320%
Blended rate2.770%4.268%7.560%
1st payment$1,512.65$1,512.65$3,091.19
2nd payment$0.00$859.54$0.00
Taxes / mo$319.17$319.17$319.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,998.49$2,858.03$3,667.02
Cash to close$178,932$50,000$50,000