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$241,026$241,026$427,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$186,384$0
Funding fee$1,205$1,205$0
Note rate2.790%2.790%7.320%
Blended rate2.790%5.062%7.560%
1st payment$1,132.60$1,132.60$2,936.01
2nd payment$0.00$1,242.56$0.00
Taxes / mo$93.00$93.00$93.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,392.27$2,634.83$3,281.16
Cash to close$233,874$47,490$47,490