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$309,750$309,750$485,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$175,350$0
Funding fee$1,549$1,549$0
Note rate2.875%2.875%7.400%
Blended rate2.875%4.728%7.640%
1st payment$1,452.12$1,452.12$3,358.73
2nd payment$0.00$1,169.00$0.00
Taxes / mo$449.17$449.17$449.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,067.96$3,236.96$4,071.59
Cash to close$229,250$53,900$53,900