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$298,605$298,605$445,410
Remaining term (yrs)24.124.130.0
Secondary amount$0$146,805$0
Funding fee$1,493$1,493$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.561%7.640%
1st payment$1,425.48$1,425.48$3,083.93
2nd payment$0.00$978.70$0.00
Taxes / mo$327.67$327.67$327.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.08
HOA / mo$333.00$333.00$333.00
Total monthly$2,252.81$3,231.52$4,000.34
Cash to close$196,295$49,490$49,490