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$306,977$306,977$450,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$143,023$0
Funding fee$1,535$1,535$0
Note rate2.710%2.710%7.320%
Blended rate2.710%4.391%7.560%
1st payment$1,433.42$1,433.42$3,091.19
2nd payment$0.00$953.49$0.00
Taxes / mo$85.75$85.75$85.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,685.84$2,639.33$3,433.60
Cash to close$193,023$50,000$50,000