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$233,411$233,411$490,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$257,089$0
Funding fee$1,167$1,167$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.155%7.560%
1st payment$1,542.64$1,542.64$3,369.39
2nd payment$0.00$1,660.37$0.00
Taxes / mo$298.59$298.59$298.59
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$424.00$424.00$424.00
Total monthly$2,431.89$4,092.26$4,356.75
Cash to close$311,589$54,500$54,500