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$272,340$272,340$405,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$132,660$0
Funding fee$1,362$1,362$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.530%7.640%
1st payment$1,266.02$1,266.02$2,804.14
2nd payment$0.00$884.40$0.00
Taxes / mo$214.67$214.67$214.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,630.69$2,515.09$3,249.80
Cash to close$177,660$45,000$45,000