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$308,740$308,740$487,800
Remaining term (yrs)24.624.630.0
Secondary amount$0$179,060$0
Funding fee$1,544$1,544$0
Note rate2.790%2.790%7.320%
Blended rate2.790%4.702%7.560%
1st payment$1,440.58$1,440.58$3,350.85
2nd payment$0.00$1,193.74$0.00
Taxes / mo$148.83$148.83$148.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,756.08$2,949.82$3,763.91
Cash to close$233,260$54,200$54,200