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$270,900$270,900$386,991
Remaining term (yrs)24.324.330.0
Secondary amount$0$116,091$0
Funding fee$1,355$1,355$0
Note rate2.700%2.700%7.400%
Blended rate2.700%4.290%7.640%
1st payment$1,263.59$1,263.59$2,679.45
2nd payment$0.00$773.94$0.00
Taxes / mo$712.08$712.08$712.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$195.67$195.67$195.67
Total monthly$2,321.34$3,095.28$3,814.60
Cash to close$159,090$42,999$42,999