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$247,280$247,280$472,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$225,220$0
Funding fee$1,236$1,236$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.112%7.640%
1st payment$1,157.46$1,157.46$3,271.49
2nd payment$0.00$1,454.55$0.00
Taxes / mo$269.25$269.25$269.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$47.92$47.92$47.92
Total monthly$1,641.29$3,095.84$3,849.83
Cash to close$277,720$52,500$52,500