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$276,231$276,231$562,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$286,269$0
Funding fee$1,381$1,381$0
Note rate2.250%2.250%7.320%
Blended rate2.250%5.049%7.560%
1st payment$1,242.17$1,242.17$3,863.98
2nd payment$0.00$1,848.82$0.00
Taxes / mo$248.17$248.17$248.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$3.42$3.42$3.42
Total monthly$1,660.43$3,509.25$4,394.74
Cash to close$348,769$62,500$62,500