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$314,356$314,356$440,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$125,744$0
Funding fee$1,572$1,572$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.336%7.640%
1st payment$1,504.26$1,504.26$3,047.16
2nd payment$0.00$838.29$0.00
Taxes / mo$407.50$407.50$407.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,078.43$2,916.72$3,709.35
Cash to close$174,644$48,900$48,900