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$229,476$229,476$674,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$445,434$0
Funding fee$1,147$1,147$0
Note rate2.840%2.840%7.320%
Blended rate2.840%6.081%7.560%
1st payment$1,066.76$1,066.76$4,636.16
2nd payment$0.00$2,876.76$0.00
Taxes / mo$323.92$323.92$323.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,607.35$4,484.10$5,311.73
Cash to close$520,424$74,990$74,990