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$270,859$270,859$413,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$143,051$0
Funding fee$1,354$1,354$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.643%7.640%
1st payment$1,263.33$1,263.33$2,865.83
2nd payment$0.00$953.68$0.00
Taxes / mo$148.33$148.33$148.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$30.75$30.75$30.75
Total monthly$1,609.08$2,562.75$3,294.36
Cash to close$189,041$45,990$45,990