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$231,894$231,894$607,500
Remaining term (yrs)14.014.030.0
Secondary amount$0$375,606$0
Funding fee$1,159$1,159$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.891%7.640%
1st payment$1,662.84$1,662.84$4,206.21
2nd payment$0.00$2,425.79$0.00
Taxes / mo$299.45$299.45$299.45
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,128.95$4,554.74$4,793.82
Cash to close$443,106$67,500$67,500