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$280,481$280,481$562,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$282,019$0
Funding fee$1,402$1,402$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.372%7.640%
1st payment$1,315.40$1,315.40$3,894.64
2nd payment$0.00$1,821.37$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$450.00$450.00$450.00
Total monthly$2,452.90$4,274.27$5,144.64
Cash to close$344,519$62,500$62,500