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$276,522$276,522$1,296,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$1,019,478$0
Funding fee$1,383$1,383$0
Note rate2.250%2.250%7.400%
Blended rate2.250%6.576%7.640%
1st payment$1,209.00$1,209.00$8,973.24
2nd payment$0.00$6,584.13$0.00
Taxes / mo$43.42$43.42$43.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$259.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,469.09$8,053.22$9,492.53
Cash to close$1,163,478$144,000$144,000