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$271,080$271,080$396,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$124,920$0
Funding fee$1,355$1,355$0
Note rate2.730%2.730%7.320%
Blended rate2.730%4.392%7.560%
1st payment$1,265.52$1,265.52$2,720.25
2nd payment$0.00$832.80$0.00
Taxes / mo$180.33$180.33$180.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$25.00$25.00$25.00
Total monthly$1,620.86$2,453.66$3,154.78
Cash to close$168,920$44,000$44,000