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$278,782$278,782$773,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$494,318$0
Funding fee$1,394$1,394$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.954%7.640%
1st payment$1,313.43$1,313.43$5,352.79
2nd payment$0.00$3,192.47$0.00
Taxes / mo$715.83$715.83$715.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$154.62
HOA / mo$150.00$150.00$150.00
Total monthly$2,395.93$5,588.40$6,589.91
Cash to close$580,218$85,900$85,900