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$284,171$284,171$485,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$201,828$0
Funding fee$1,421$1,421$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.891%7.640%
1st payment$1,320.95$1,320.95$3,364.96
2nd payment$0.00$1,303.47$0.00
Taxes / mo$1,024.25$1,024.25$1,024.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,511.87$3,815.34$4,653.08
Cash to close$255,828$54,000$54,000