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$306,423$306,423$539,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$233,487$0
Funding fee$1,532$1,532$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.946%7.560%
1st payment$1,453.39$1,453.39$3,708.81
2nd payment$0.00$1,507.93$0.00
Taxes / mo$470.42$470.42$470.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$80.00$80.00$80.00
Total monthly$2,170.48$3,678.41$4,533.87
Cash to close$293,477$59,990$59,990