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$270,789$270,789$386,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$115,311$0
Funding fee$1,354$1,354$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.402%7.640%
1st payment$1,243.41$1,243.41$2,673.28
2nd payment$0.00$768.74$0.00
Taxes / mo$388.17$388.17$388.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,781.58$2,550.31$3,288.67
Cash to close$158,211$42,900$42,900