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$267,967$267,967$423,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$155,033$0
Funding fee$1,340$1,340$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.712%7.640%
1st payment$1,258.97$1,258.97$2,928.77
2nd payment$0.00$1,033.55$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$100.00$100.00$100.00
Total monthly$1,917.30$2,950.85$3,671.70
Cash to close$202,033$47,000$47,000