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$251,630$251,630$659,700
Remaining term (yrs)24.424.430.0
Secondary amount$0$408,070$0
Funding fee$1,258$1,258$0
Note rate2.740%2.740%7.320%
Blended rate2.740%5.839%7.560%
1st payment$1,176.00$1,176.00$4,531.68
2nd payment$0.00$2,635.45$0.00
Taxes / mo$201.25$201.25$201.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.94
HOA / mo$51.08$51.08$51.08
Total monthly$1,645.00$4,280.46$5,132.62
Cash to close$481,370$73,300$73,300