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$291,803$291,803$427,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$135,697$0
Funding fee$1,459$1,459$0
Note rate2.250%2.250%7.400%
Blended rate2.250%4.075%7.640%
1st payment$1,336.87$1,336.87$2,959.92
2nd payment$0.00$904.65$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$1,899.37$2,804.02$3,607.92
Cash to close$183,197$47,500$47,500