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$273,001$273,001$427,050
Remaining term (yrs)22.922.930.0
Secondary amount$0$154,049$0
Funding fee$1,365$1,365$0
Note rate3.600%3.600%7.400%
Blended rate3.600%5.187%7.640%
1st payment$1,455.91$1,455.91$2,956.81
2nd payment$0.00$1,027.00$0.00
Taxes / mo$33.92$33.92$33.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.41
HOA / mo$0.00$0.00$0.00
Total monthly$1,656.49$2,683.49$3,242.80
Cash to close$201,499$47,450$47,450