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$297,667$297,667$427,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$129,833$0
Funding fee$1,488$1,488$0
Note rate2.720%2.720%7.400%
Blended rate2.720%4.324%7.640%
1st payment$1,394.82$1,394.82$2,959.92
2nd payment$0.00$865.55$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$600.00$600.00$600.00
Total monthly$2,557.32$3,422.88$4,207.92
Cash to close$177,333$47,500$47,500