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$47,471$47,471$296,910
Remaining term (yrs)9.09.030.0
Secondary amount$0$249,439$0
Funding fee$237$237$0
Note rate2.370%2.370%7.400%
Blended rate2.370%6.890%7.640%
1st payment$480.55$480.55$2,055.74
2nd payment$0.00$1,610.96$0.00
Taxes / mo$146.42$146.42$146.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$776.97$2,387.93$2,411.54
Cash to close$282,429$32,990$32,990