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$271,372$271,372$332,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$61,538$0
Funding fee$1,357$1,357$0
Note rate2.950%2.950%7.400%
Blended rate2.950%4.068%7.640%
1st payment$1,285.64$1,285.64$2,305.00
2nd payment$0.00$461.54$0.00
Taxes / mo$308.25$308.25$308.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,743.89$2,205.43$2,829.83
Cash to close$98,528$36,990$36,990