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$311,772$311,772$476,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$165,138$0
Funding fee$1,559$1,559$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.646%7.560%
1st payment$1,454.15$1,454.15$3,276.04
2nd payment$0.00$1,100.92$0.00
Taxes / mo$116.92$116.92$116.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.38
HOA / mo$37.50$37.50$37.50
Total monthly$1,775.24$2,876.15$3,692.51
Cash to close$218,128$52,990$52,990