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$315,698$315,698$427,500
Remaining term (yrs)22.322.330.0
Secondary amount$0$111,802$0
Funding fee$1,578$1,578$0
Note rate2.660%2.660%7.320%
Blended rate2.660%4.057%7.560%
1st payment$1,555.10$1,555.10$2,936.63
2nd payment$0.00$745.35$0.00
Taxes / mo$446.25$446.25$446.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$85.00$85.00$85.00
Total monthly$2,253.02$2,998.37$3,720.05
Cash to close$159,302$47,500$47,500