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$306,567$306,567$421,200
Remaining term (yrs)24.424.430.0
Secondary amount$0$114,633$0
Funding fee$1,533$1,533$0
Note rate2.660%2.660%7.320%
Blended rate2.660%4.113%7.560%
1st payment$1,420.28$1,420.28$2,893.35
2nd payment$0.00$764.22$0.00
Taxes / mo$390.00$390.00$390.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.24
HOA / mo$700.00$700.00$700.00
Total monthly$2,676.95$3,441.17$4,234.26
Cash to close$161,433$46,800$46,800