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$266,670$266,670$423,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$156,330$0
Funding fee$1,333$1,333$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.703%7.640%
1st payment$1,304.14$1,304.14$2,928.77
2nd payment$0.00$1,042.20$0.00
Taxes / mo$362.08$362.08$362.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$91.67$91.67$91.67
Total monthly$1,924.56$2,966.76$3,633.79
Cash to close$203,330$47,000$47,000