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$302,681$302,681$427,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$124,819$0
Funding fee$1,513$1,513$0
Note rate2.500%2.500%7.400%
Blended rate2.500%4.106%7.640%
1st payment$1,367.76$1,367.76$2,959.92
2nd payment$0.00$832.13$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$398.00$398.00$398.00
Total monthly$2,328.26$3,160.38$4,005.92
Cash to close$172,319$47,500$47,500