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$270,018$270,018$422,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$152,082$0
Funding fee$1,350$1,350$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.674%7.560%
1st payment$1,249.67$1,249.67$2,899.53
2nd payment$0.00$1,013.88$0.00
Taxes / mo$235.50$235.50$235.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.42
HOA / mo$330.00$330.00$330.00
Total monthly$1,981.84$2,995.72$3,716.12
Cash to close$198,982$46,900$46,900