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$277,313$277,313$512,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$234,787$0
Funding fee$1,387$1,387$0
Note rate2.960%2.960%7.320%
Blended rate2.960%5.156%7.560%
1st payment$1,315.23$1,315.23$3,517.77
2nd payment$0.00$1,516.33$0.00
Taxes / mo$474.17$474.17$474.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.42
HOA / mo$560.00$560.00$560.00
Total monthly$2,516.06$4,032.39$4,821.03
Cash to close$291,687$56,900$56,900