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$310,692$310,692$526,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$215,808$0
Funding fee$1,553$1,553$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.870%7.640%
1st payment$1,449.12$1,449.12$3,645.38
2nd payment$0.00$1,393.76$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$396.00$396.00$396.00
Total monthly$2,499.28$3,893.04$4,800.85
Cash to close$274,308$58,500$58,500