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$270,136$270,136$463,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$193,364$0
Funding fee$1,351$1,351$0
Note rate2.930%2.930%7.400%
Blended rate2.930%5.045%7.640%
1st payment$1,304.08$1,304.08$3,209.18
2nd payment$0.00$1,289.09$0.00
Taxes / mo$147.67$147.67$147.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,618.41$2,907.51$3,616.21
Cash to close$244,864$51,500$51,500