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$352,390$352,390$517,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$165,110$0
Funding fee$1,762$1,762$0
Note rate2.250%2.250%7.320%
Blended rate2.250%4.085%7.560%
1st payment$1,560.27$1,560.27$3,554.87
2nd payment$0.00$1,100.73$0.00
Taxes / mo$330.33$330.33$330.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$58.00$58.00$58.00
Total monthly$2,115.27$3,216.00$4,213.37
Cash to close$222,610$57,500$57,500