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$242,612$242,612$517,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$274,888$0
Funding fee$1,213$1,213$0
Note rate2.870%2.870%7.320%
Blended rate2.870%5.462%7.560%
1st payment$1,160.95$1,160.95$3,554.87
2nd payment$0.00$1,775.32$0.00
Taxes / mo$283.92$283.92$283.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$6.25$6.25$6.25
Total monthly$1,617.78$3,393.10$4,115.20
Cash to close$332,388$57,500$57,500