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$273,422$273,422$369,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$95,578$0
Funding fee$1,367$1,367$0
Note rate2.860%2.860%7.320%
Blended rate2.860%4.450%7.560%
1st payment$1,273.87$1,273.87$2,534.77
2nd payment$0.00$716.84$0.00
Taxes / mo$215.33$215.33$215.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,639.20$2,356.04$2,973.91
Cash to close$136,578$41,000$41,000