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$256,964$256,964$502,520
Remaining term (yrs)24.224.230.0
Secondary amount$0$245,555$0
Funding fee$1,285$1,285$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.203%7.640%
1st payment$1,210.64$1,210.64$3,479.34
2nd payment$0.00$1,585.88$0.00
Taxes / mo$29.67$29.67$29.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.50
HOA / mo$366.00$366.00$366.00
Total monthly$1,772.97$3,358.85$4,142.18
Cash to close$301,391$55,836$55,836