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$217,880$217,880$427,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$209,620$0
Funding fee$1,089$1,089$0
Note rate2.700%2.700%7.400%
Blended rate2.700%5.176%7.640%
1st payment$1,021.21$1,021.21$2,959.92
2nd payment$0.00$1,353.80$0.00
Taxes / mo$346.25$346.25$346.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,534.13$2,887.93$3,558.34
Cash to close$257,120$47,500$47,500