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$270,945$270,945$485,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$214,965$0
Funding fee$1,355$1,355$0
Note rate2.730%2.730%7.320%
Blended rate2.730%4.951%7.560%
1st payment$1,264.89$1,264.89$3,337.86
2nd payment$0.00$1,388.32$0.00
Taxes / mo$449.92$449.92$449.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,881.48$3,269.79$4,051.63
Cash to close$268,955$53,990$53,990