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$271,469$271,469$603,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$331,531$0
Funding fee$1,357$1,357$0
Note rate2.810%2.810%7.320%
Blended rate2.810%5.526%7.560%
1st payment$1,275.42$1,275.42$4,142.19
2nd payment$0.00$2,141.14$0.00
Taxes / mo$192.83$192.83$192.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,634.92$3,776.06$4,622.29
Cash to close$398,531$67,000$67,000