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$283,049$283,049$494,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$211,861$0
Funding fee$1,415$1,415$0
Note rate2.730%2.730%7.320%
Blended rate2.730%4.879%7.560%
1st payment$1,318.25$1,318.25$3,399.69
2nd payment$0.00$1,368.27$0.00
Taxes / mo$245.75$245.75$245.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$8.33$8.33$8.33
Total monthly$1,739.00$3,107.27$3,919.42
Cash to close$266,851$54,990$54,990