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$277,543$277,543$481,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$203,957$0
Funding fee$1,388$1,388$0
Note rate2.660%2.660%7.400%
Blended rate2.660%4.816%7.640%
1st payment$1,273.58$1,273.58$3,333.81
2nd payment$0.00$1,317.22$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$217.00$217.00$217.00
Total monthly$2,103.08$3,420.30$4,259.61
Cash to close$257,457$53,500$53,500