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$267,877$267,877$553,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$285,623$0
Funding fee$1,339$1,339$0
Note rate3.060%3.060%7.400%
Blended rate3.060%5.480%7.640%
1st payment$1,287.29$1,287.29$3,832.32
2nd payment$0.00$1,844.65$0.00
Taxes / mo$638.34$638.34$638.34
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$21.67$21.67$21.67
Total monthly$2,113.97$3,958.62$4,769.70
Cash to close$347,123$61,500$61,500