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$306,911$306,911$422,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$115,189$0
Funding fee$1,535$1,535$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.270%7.560%
1st payment$1,428.24$1,428.24$2,899.53
2nd payment$0.00$767.92$0.00
Taxes / mo$239.17$239.17$239.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.42
HOA / mo$16.67$16.67$16.67
Total monthly$1,850.75$2,618.67$3,406.46
Cash to close$162,089$46,900$46,900