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$312,416$312,416$461,700
Remaining term (yrs)24.924.930.0
Secondary amount$0$149,284$0
Funding fee$1,562$1,562$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.529%7.640%
1st payment$1,460.48$1,460.48$3,196.72
2nd payment$0.00$995.22$0.00
Taxes / mo$129.33$129.33$129.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.34
HOA / mo$41.67$41.67$41.67
Total monthly$1,798.15$2,793.37$3,626.73
Cash to close$200,584$51,300$51,300