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$284,105$284,105$427,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$143,395$0
Funding fee$1,421$1,421$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.504%7.640%
1st payment$1,327.78$1,327.78$2,959.92
2nd payment$0.00$955.97$0.00
Taxes / mo$631.33$631.33$631.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$100.00$100.00$100.00
Total monthly$2,225.78$3,181.75$3,943.42
Cash to close$190,895$47,500$47,500