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$254,974$254,974$557,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$302,126$0
Funding fee$1,275$1,275$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.517%7.640%
1st payment$1,186.55$1,186.55$3,857.25
2nd payment$0.00$1,951.23$0.00
Taxes / mo$515.83$515.83$515.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.42
HOA / mo$143.00$143.00$143.00
Total monthly$2,012.05$3,963.28$4,794.17
Cash to close$364,026$61,900$61,900