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$278,037$278,037$409,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$131,463$0
Funding fee$1,390$1,390$0
Note rate2.940%2.940%7.320%
Blended rate2.940%4.564%7.560%
1st payment$1,343.65$1,343.65$2,812.98
2nd payment$0.00$876.42$0.00
Taxes / mo$542.00$542.00$542.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$27.00$27.00$27.00
Total monthly$2,079.32$2,955.74$3,630.55
Cash to close$176,963$45,500$45,500