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$282,047$282,047$423,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$140,953$0
Funding fee$1,410$1,410$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.579%7.640%
1st payment$1,318.51$1,318.51$2,928.77
2nd payment$0.00$939.68$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,876.84$2,816.53$3,571.70
Cash to close$187,953$47,000$47,000