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$219,268$219,268$513,000
Remaining term (yrs)15.115.130.0
Secondary amount$0$293,732$0
Funding fee$1,096$1,096$0
Note rate2.310%2.310%7.400%
Blended rate2.310%5.425%7.640%
1st payment$1,422.74$1,422.74$3,551.91
2nd payment$0.00$1,897.02$0.00
Taxes / mo$217.08$217.08$217.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,806.49$3,703.51$4,038.26
Cash to close$350,732$57,000$57,000