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$273,828$273,828$485,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$211,272$0
Funding fee$1,369$1,369$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.057%7.640%
1st payment$1,295.68$1,295.68$3,358.73
2nd payment$0.00$1,364.46$0.00
Taxes / mo$207.08$207.08$207.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$325.00$325.00$325.00
Total monthly$1,994.43$3,358.89$4,154.50
Cash to close$265,172$53,900$53,900