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$275,340$275,340$486,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$210,660$0
Funding fee$1,377$1,377$0
Note rate2.960%2.960%7.320%
Blended rate2.960%5.036%7.560%
1st payment$1,302.91$1,302.91$3,338.48
2nd payment$0.00$1,360.52$0.00
Taxes / mo$121.75$121.75$121.75
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$1,591.32$2,951.84$3,724.10
Cash to close$264,660$54,000$54,000