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$278,206$278,206$447,210
Remaining term (yrs)24.424.430.0
Secondary amount$0$169,004$0
Funding fee$1,391$1,391$0
Note rate2.650%2.650%7.400%
Blended rate2.650%4.672%7.640%
1st payment$1,287.48$1,287.48$3,096.39
2nd payment$0.00$1,126.69$0.00
Taxes / mo$279.08$279.08$279.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.44
HOA / mo$11.92$11.92$11.92
Total monthly$1,745.15$2,871.85$3,643.50
Cash to close$218,694$49,690$49,690