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$276,197$276,197$494,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$218,713$0
Funding fee$1,381$1,381$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.027%7.640%
1st payment$1,288.22$1,288.22$3,426.66
2nd payment$0.00$1,412.52$0.00
Taxes / mo$164.83$164.83$164.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,619.72$3,032.25$3,857.14
Cash to close$273,703$54,990$54,990