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$271,605$271,605$308,700
Remaining term (yrs)24.924.930.0
Secondary amount$0$37,095$0
Funding fee$1,358$1,358$0
Note rate2.770%2.770%7.320%
Blended rate2.770%3.519%7.560%
1st payment$1,255.72$1,255.72$2,120.55
2nd payment$0.00$278.22$0.00
Taxes / mo$206.67$206.67$206.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.74
HOA / mo$28.00$28.00$28.00
Total monthly$1,640.39$1,918.61$2,566.96
Cash to close$71,395$34,300$34,300