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$245,484$245,484$539,910
Remaining term (yrs)10.610.630.0
Secondary amount$0$294,426$0
Funding fee$1,227$1,227$0
Note rate2.870%2.870%7.320%
Blended rate2.870%5.531%7.560%
1st payment$2,213.86$2,213.86$3,708.81
2nd payment$0.00$1,901.50$0.00
Taxes / mo$241.92$241.92$241.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$45.00$45.00$45.00
Total monthly$2,667.44$4,568.95$4,270.37
Cash to close$354,416$59,990$59,990