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$306,469$306,469$566,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$259,631$0
Funding fee$1,532$1,532$0
Note rate2.900%2.900%7.320%
Blended rate2.900%5.124%7.560%
1st payment$1,474.75$1,474.75$3,888.71
2nd payment$0.00$1,676.78$0.00
Taxes / mo$552.00$552.00$552.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.22
HOA / mo$2.92$2.92$2.92
Total monthly$2,196.34$3,873.12$4,723.52
Cash to close$322,531$62,900$62,900