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$284,063$284,063$427,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$143,347$0
Funding fee$1,420$1,420$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.591%7.560%
1st payment$1,359.30$1,359.30$2,936.01
2nd payment$0.00$955.65$0.00
Taxes / mo$395.75$395.75$395.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.48
HOA / mo$485.00$485.00$485.00
Total monthly$2,406.72$3,362.36$4,068.91
Cash to close$190,837$47,490$47,490