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$287,646$287,646$427,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$139,854$0
Funding fee$1,438$1,438$0
Note rate2.700%2.700%7.320%
Blended rate2.700%4.434%7.560%
1st payment$1,338.47$1,338.47$2,936.63
2nd payment$0.00$932.36$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$1,900.97$2,833.33$3,584.63
Cash to close$187,354$47,500$47,500