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$277,433$277,433$427,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$150,067$0
Funding fee$1,387$1,387$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.671%7.560%
1st payment$1,324.41$1,324.41$2,936.63
2nd payment$0.00$1,000.45$0.00
Taxes / mo$395.50$395.50$395.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$3.42$3.42$3.42
Total monthly$1,890.00$2,890.45$3,587.72
Cash to close$197,567$47,500$47,500