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$291,725$291,725$517,410
Remaining term (yrs)22.422.430.0
Secondary amount$0$225,685$0
Funding fee$1,459$1,459$0
Note rate2.770%2.770%7.320%
Blended rate2.770%4.942%7.560%
1st payment$1,453.12$1,453.12$3,554.25
2nd payment$0.00$1,457.55$0.00
Taxes / mo$258.42$258.42$258.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.20$3,335.75$4,082.81
Cash to close$283,175$57,490$57,490