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$310,354$310,354$494,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$184,556$0
Funding fee$1,552$1,552$0
Note rate2.780%2.780%7.320%
Blended rate2.780%4.727%7.560%
1st payment$1,436.47$1,436.47$3,399.69
2nd payment$0.00$1,230.38$0.00
Taxes / mo$62.12$62.12$62.12
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,665.25$2,895.63$3,727.45
Cash to close$239,546$54,990$54,990