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$276,231$276,231$566,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$290,679$0
Funding fee$1,381$1,381$0
Note rate2.250%2.250%7.320%
Blended rate2.250%5.070%7.560%
1st payment$1,242.17$1,242.17$3,894.28
2nd payment$0.00$1,877.30$0.00
Taxes / mo$248.17$248.17$248.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.38
HOA / mo$3.42$3.42$3.42
Total monthly$1,660.43$3,537.73$4,425.91
Cash to close$353,669$62,990$62,990