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$275,897$275,897$467,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$192,013$0
Funding fee$1,379$1,379$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.934%7.560%
1st payment$1,310.34$1,310.34$3,214.22
2nd payment$0.00$1,280.09$0.00
Taxes / mo$367.16$367.16$367.16
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.58
HOA / mo$83.33$83.33$83.33
Total monthly$1,927.49$3,207.58$3,924.95
Cash to close$244,003$51,990$51,990