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$343,462$343,462$526,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$183,038$0
Funding fee$1,717$1,717$0
Note rate2.780%2.780%7.400%
Blended rate2.780%4.595%7.640%
1st payment$1,586.05$1,586.05$3,645.38
2nd payment$0.00$1,220.25$0.00
Taxes / mo$239.00$239.00$239.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,991.72$3,211.97$4,156.35
Cash to close$241,538$58,500$58,500