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$287,173$287,173$427,499
Remaining term (yrs)24.024.030.0
Secondary amount$0$140,326$0
Funding fee$1,436$1,436$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.547%7.640%
1st payment$1,372.71$1,372.71$2,959.92
2nd payment$0.00$935.51$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,935.21$2,870.72$3,607.92
Cash to close$187,826$47,500$47,500